Bitcoin falls to $87K, erasing all 2026 gains

Bitcoin has fallen to around $87,000, erasing all of its gains from the beginning of 2026, Walter Bloomberg reported. The cryptocurrency, which had been up as much as 12% for the year, plummeted amid growing risk-off sentiment. This decline was accompanied by significant outflows from U.S.-listed spot Bitcoin ETFs, which saw net withdrawals of nearly $490 million in a single day. Bloomberg added that there are market warnings that BTC could test its support level between $80,000 and $84,000 amid geopolitical tensions and heightened volatility.