The Economic Times News

Why Bitcoin price today drops to $86,000: Fed chair uncertainty, tax-loss selling and whale activity weigh on BTC USD

Bitcoin price today: Bitcoin faces pressure near $86,000. Uncertainty over the next US Federal Reserve Chair and year-end tax-loss selling are impacting the cryptocurrency. Investors are cautious as long-term holders sell and leveraged positions are liquidated. Analysts warn of a potential slip below $80,000 if selling continues. Bitcoin's performance is diverging from the S&P 500.