Crypto: Why Did Bitcoin Price Just Hit Two-month Lows Near $83k? 2026
Bitcoin suddenly dropped nearly 6% to see its lowest levels in two months as gold and silver endured a snap retracement from all-time highs.
Bitcoin (BTC) fell to two-month lows Thursday as crypto joined stocks and precious metals in a snap sell-off.
Bitcoin dives below $85,000 as macro assets suddenly tumble from record highs.
Gold and silver shock market watchers as nerves over global financial stability grow.
BTC price action faces an uphill struggle to avoid “Bearadise” at the monthly close.
Data from TradingView captured new 2026 lows for Bitcoin, which reached $83,156 on Bitstamp to bring daily losses to nearly 6%.
Support at the 2026 yearly open, as well as nearby moving averages, failed to hold back sellers as crypto liquidations passed $500 million in four hours.
Bitcoin and altcoins were not alone in their sudden drop, reacting to global asset jitters that caught traders by surprise. Gold, which hit $5,600 for the first time in history earlier on the day, tumbled $400 in just 30 minutes.
In doing so, the precious metal erased more value than Bitcoin’s entire market cap.
Reacting, Bitcoin market participants balanced macro volatility with hope that a reset may finally give bulls a break.
Source: CoinTelegraph
