With the weakness in the virtual asset market continuing, the bellwether Bitcoin at one point even fell below $86,000.
According to CoinMarketCap, a virtual asset market tracker, on the 16th Bitcoin was down 2.21% from the previous day at $86,230. It was down 4.98% from a week earlier. That day, Bitcoin slid to as low as $85,700 intraday, plunging more than 3% at one point.
Ethereum, the No. 2 by market capitalization, was also down 2.92% at $2,969. Ripple was down 4.33% at $1.89, and Solana was trading at $127.7, down 1.45%. Experts said risk-off sentiment among investors amid geopolitical uncertainty and concerns about an economic slowdown is keeping the virtual asset market weak.
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