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Bitcoin dips below $84,000 as risk-off sentiment returns
Bitcoin fell below $84,000 as precious metal weakness, profit booking, and macro-driven risk-off sentiment hit crypto markets.
Bitcoin slipped below $84,000 as a pullback in gold and silver triggered broad risk-off sentiment across assets. Nearly $1.7 billion in crypto market value was wiped out amid profit booking and stronger dollar cues. Analysts said correlations with macro assets resurfaced, while leveraged positions unwound rapidly. Investors were advised caution as volatility may persist ahead of key US macro data releases this week globally markets.