Bitcoin Price Tumbles Below $85,000 as Rate Hike Fears Intensify
Bitcoin's price has stalled below $85,000 as investors' concerns about potential rate hikes by central banks weigh on the market.
The cryptocurrency's recent rally had been driven by a combination of factors, including growing adoption and increasing institutional investment.
However, fears that higher interest rates could reduce demand for riskier assets like Bitcoin have dampened the rally, pushing prices back below $85,000.