The price of bitcoin dropped below $85,000 for the first time since November 11, 2024

Cost bitcoin dropped below $85,000 for the first time since November 11, 2024 and approached $82,000. This is evidenced by the data of the exchange on February 26 Binance.

As of 21:36 Moscow time, the value of the coin dropped by 2.6% and reached the level of $84,909 thousand, which was the first drop in the exchange rate below the $85 thousand mark in the last three months.

In addition, as of 23:20 Moscow time, the cryptocurrency dropped to $82,242. This figure has become an anti-record for bitcoin in a day.

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On the same day, Evgeny Shatov, a partner at Capital Lab, told Izvestia that if the bitcoin (BTC) exchange rate will not return to the level of $88-90 thousand, then the decline may continue to $69 thousand. According to him, a series of disappointing economic data last week was the reason that investors began to shift money into protective assets — bonds. At the same time, the yield on 10-year Treasury bonds decreased.