Bitcoin Slips Below $86,000, Nears Year's Lows as Bear Market Deepens

• Bitcoin dropped below $86,000 for the first time in two weeks, falling as much as 3.7% to $85,171.
• The cryptocurrency is down approximately 30% from its record high of over $126,000, entering bear market territory.
• Investor sentiment, weak liquidity, and fading risk appetite are contributing to the decline, with low trading volumes.
• MicroStrategy acquired nearly $1 billion in Bitcoin for the second consecutive week, despite the market downturn.
• Other major cryptocurrencies like Ether, Doge, and XRP also experienced drops of around 5%.

Why It Matters: Bitcoin's decline signals broader market weakness and investor uncertainty.