Bitcoin price today: The world’s largest cryptocurrency Bitcoin has slipped below the $86,000 mark for the first time in two weeks, Bloomberg reported, citing weak investor sentiment.
Bitcoin price today: Token underperforms broader crypto market
Moving deeper into bear territory, at time of writing at 9 am on 16 December, the token was trading at $85,654.93 apiece, down 4.07% over the past 24 hours, with market cap down 4.13% at $1.7 trillion, and trading volumes down 8.76% to $43.69 billion, according to data on CoinMarketCap.
An analysis by CoinMarketCap showed Bitcoin underperformed the broader crypto market as over $394 million liquidations, mostly longs, triggered stop-losses. Bears also pulled the markets after the United States Senate delayed crypto market structure bill to 2026.
Bohan Jiang, senior derivatives trader at FalconX told Bloomberg Bitcoin is in a “choppy range between $85,000-94,000” amid “continued lack of interest and low volumes across the board”.
Notably, Bitcoin is down about 30% from its all-time record high of more than $1,26,000 in October 2025. The token continues to make watchers anxious as it hovers close to its 2025 low, of around $74,400 (recorded in April).
Crypto markets today: Ether, Dogecoin, XRP down 5% each
Further, the Bloomberg report noted that other cryptocurrencies such as Dogecoin, Ether and XRP fell by 5% each. It added that crypto company stocks also spiralled downwards, with Strategy slumping over 9%, and Coinbase Global Inc. down around 7%.
At time of writing, CoinMarke
(With inputs from Bloomberg)
(This is a developing story, more updates coming…)
