Bitcoin fell as much as 3.3% to $85,5787 on Monday, and is down around 30% from its record high of more than $126,000.
Photographer: Michael Nagle/BloombergUpdated on
Bitcoin dropped below $86,000 for the first time in two weeks, with investor sentiment weakening as the largest cryptocurrency slips deeper into bear market territory.
Bitcoin has been drifting toward the lower bound of its recent trading range with any bounce in price being met by selling from investors who purchased the original cryptocurrency near the all-time high reached in early October, analysts said.