Bitcoin has experienced a significant decline, dropping below $85,000 as bearish sentiment grips the cryptocurrency market. Following a fresh sell-off, Bitcoin has skidded under $86,000, leading to worries of a larger market downturn. Analysts are debating the causes of this slump, which include macroeconomic pressures and possible manipulation among traders. As cryptocurrencies continue to falter, Ethereum has also seen substantial losses, and concerns are rising about potential impacts on the stock market. Despite some discussions about a potential turnaround, the overall outlook remains cautious, with market analysts warning that Bitcoin could fall even lower.