$BTC
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Bitcoin has dropped sharply, falling below $90,000, marking its weakest levels in months.
The decline is largely driven by macroeconomic headwinds — a less dovish U.S. Federal Reserve, sticky inflation, and reduced expectations for rate cuts.
Risk-off sentiment is also spreading across markets, which is hurting crypto.
Key technical support around $83K–$85K is now in focus if the drop continues.
Some analysts warn of further downside: a “bearish capitulation” scenario could push BTC to the $78K–$84K range if pressure accelerates.
Institutional adoption remains a longer-term tailwind: large inflows into Bitcoin ETFs, and increasing corporate treasury holdings are still in play.
A strategic Bitcoin reserve initiative in the U.S. is also adding legitimacy and structural demand to the market.
On the flip side, large holders are reportedly selling.
Bitcoin has become more correlated with tech stocks — particularly AI names like Nvidia.
Nvidia’s earnings (and guidance) are being closely watched: a weak result could trigger broader risk-off in both tech and BTC.
On the positive side, the expected end of the U.S. government shutdown could inject fresh liquidity into markets.
If ETF flows pick up again and long-term holders accumulate, there’s a case for a bounce later this year.
But if macro conditions worsen, BTC could revisit major support zones around $80K or below.$BTC
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