Recent price drops have pushed the value of Bitcoin below the $85,500 mark. This decline is part of a broader downturn in the cryptocurrency market.
As the oldest cryptocurrency, Bitcoin has also influenced the decrease in the prices of other assets. Traders actively working with stocks in the artificial intelligence sector typically also hold Bitcoin in their portfolios.
Experts highlight several reasons contributing to the decline in Bitcoin's price: old wallets with large volumes of BTC are entering exchanges, while liquidity remains low.
