Bitcoin at $85,654 today, underperforms broader crypto market by over 4% — what experts say amid low-risk cycle

Bitcoin price today: The world’s largest cryptocurrency Bitcoin has slipped below the $86,000 mark for the first time in two weeks, Bloomberg reported, citing weak investor sentiment.

Akshat Siddhant, Lead Quant Analyst at Mudrex told Mint, “The crypto market is consolidating, with Bitcoin near $86,000 and Ethereum around $2,950. The pullback has been driven by short-term whale profit-taking of nearly $2.78 billion and rising expectations of a Bank of Japan rate hike, which has pressured risk assets.”