Bitcoin Price Takes Hit to $83,521 Amid Market Volatility

Bitcoin's price has taken a hit today, down by 2.69% to $83,521. This comes as the market cap sits at $1.68 trillion and trading volume tops out at $44.27 billion.

The price drop is significant, but not entirely unexpected given the volatility of cryptocurrency markets. Bitcoin's fixed supply cap of 21 million coins and regular halvings every four years are designed to reduce miner rewards, which can lead to market fluctuations.

According to the data, the all-time high for Bitcoin stands at $126,080, while the current circulating supply is around 20.09 million coins.