Crypto Market Fluctuates: Bitcoin Drops Below $85K, Ethereum Slides Amidst Economic Uncertainty

The crypto market experienced significant volatility this week, with Bitcoin (BTC) falling below the $85,000 mark and trading at around $82,800. Despite a modest 1.17% daily gain, BTC saw a weekly decline of 0.77%. Analysts attribute this drop to investor sell-offs, particularly among long-term holders who are locking in profits following recent market gains. Meanwhile, ETF outflows from U.S.-based Bitcoin ETFs reflected institutional hesitancy towards the asset.