Bitcoin pulls back to $85K after a short-lived jump to $92K on Nvidia earnings optimism

Bitcoin retreated to around $85,000 after a brief spike to $92,000 on Nvidia-driven optimism, with broader crypto markets sliding amid weakening expectations of a near-term Fed rate cut. Analysts say rising U.S. macro uncertainty, long liquidations and persistent caution are driving the pullback, though key support levels suggest a reset rather than a structural downturn.