Bitcoin Price Drops Below $85,000 Amid Market Selloff

Bitcoin’s value has fallen below the $85,000 mark as a broader cryptocurrency market selloff continues to impact major cryptocurrencies. The price decline represents a significant drop of around 7% over intra-day trading, signaling a wider trend across various digital assets like Ethereum and Solana. This decline is attributed to a combination of factors including leveraged positions being liquidated and the overall risk-off sentiment within the market. The lack of immediate public statements from prominent figures in the industry adds to the uncertainty surrounding the current movement.