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Bitcoin tumbles to 2026 low of $85,200 as gold reverses big gains, Microsoft leads Nasdaq lower
['Krisztian Sandor']
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin BTC $ 82,875.66 tumbled Thursday to its weakest level since mid-December, shedding nearly $3,000 within hours as gold's massive rally abruptly turned.
The price action in silver followed a similar path, with that metal falling from $121 per ounce to $108.
Trading above $88,000 earlier in the session, bitcoin fell precipitously to $85,200, its lowest level in more than a month.
The largest crypto was down 4.5% over the past 24 hours.
Looking at crypto stocks, the largest corporate bitcoin holder, Strategy (MSTR), is down 8% on its worst day since Dec. 12, hitting 52-week lows and trading back to September 2024 levels.