Bitcoin Price Drops to $94,300 Amid U.S. Stock Market Decline and Precious Metals Sell-Off

The price of Bitcoin (BTC) experienced a notable correction, retreating to the $94,300 level. This downward movement coincided with a broad decline in U.S. equity markets and a significant tumble in precious metals, including gold and silver. The simultaneous pullback across these major asset classes highlights the current risk-off sentiment prevailing among investors. Market analysts are monitoring key support levels for Bitcoin as it consolidates following its recent rally. The correlation with traditional market movements underscores the growing integration of cryptocurrency into the global financial landscape.