Bitcoin's value fell by about 7% on Friday, hovering above its critical support level of $80,000 before rebounding to the support zone near $85,000. This comes amid questions about whether investors will continue to flee high-risk assets for more defensive investments. There is also uncertainty about whether Bitcoin could fall below $85,000 and what its bottom price will be.
Bitcoin drops 7% but holds above key level
Bitcoin fell 7% to $80k on Friday before rebounding to $85k. Investors question if the flight from risky assets will continue.