Bitcoin Drops Amid Market Repositioning

Bitcoin's plunge below $87,000 to $85,600 marks a notable 3.6% drop in just a day.

This reflects a wider downturn in the crypto market, particularly during U.S.

hours, hinting at waning American investor interest. Intriguingly,

Bitcoin ETFs like the iShares Bitcoin ETF behave differently—surging 222% after hours but dipping 40.5%

in daylight trading. As employment reports and central bank decisions loom, Bitcoin trades tightly

between $80,000 and $94,000, finding temporary support near $85,000. Analysts see this

slump more as strategic repositioning, not a change in sentiment.