Bitcoin experienced a drop to the 84,000 dollar level.

Sharp Decline in the Cryptocurrency Market

Bitcoin retraced to the level of 84,000 dollars, while more than 650 million dollars in liquidations occurred in the cryptocurrency market. This drop has raised concerns among investors and led to discussions about whether the price will continue to fall further.

On the other hand, gold and stocks are attempting to recover from their worst levels, while cryptocurrencies remain at the lowest levels of the day. Investors are questioning how much lower the Bitcoin price could go.

Financial indicators suggest that a temporary bottom may be approaching, while one analyst argued that a recovery would not occur unless the Federal Reserve adopts a more accommodative monetary policy.