Bitcoin Price Drops to $85,200, Gold Pulls Back, Microsoft Weighs on Nasdaq

The cryptocurrency market experienced a significant downturn as Bitcoin (BTC) fell sharply, reaching a price of $85,200. This decline represents a new low for the digital asset in the current market cycle. The sell-off coincided with a reversal in gold prices, which gave back substantial earlier gains. In traditional markets, technology stocks faced pressure, with shares of Microsoft leading the Nasdaq composite index lower. This correlated movement across asset classes highlights ongoing investor caution and risk aversion in the financial landscape. Market analysts are monitoring key support levels for Bitcoin amidst the current volatility.