Bitcoin Dips to $83.4K Amid Gold Profit-Taking and AI Stock Decline

The price of Bitcoin has dropped to $83.4K as profit-taking in gold and sell-offs in AI stocks impact the crypto market. Could BTC hit $80K next?

The recent downturn in Bitcoin's value sees it plummeting to $83.4K, attributed to a series of factors including futures market liquidations, a significant decline in U.S. equities, and stalled negotiations regarding U.S. government funding.

Market analysts are now questioning whether Bitcoin will reach the $80,000 mark as traders navigate through these turbulent waters. The convergence of profit-taking by gold investors and the retreat of AI-related stocks is creating a challenging environment for Bitcoin's stability.