Bitcoin Price Drops Below $85,000, on Pace for Worst Month Since 2022 — WSJ

Dow Jones Newswires

Bitcoin Price Drops Below $85,000, on Pace for Worst Month Since 2022 — WSJ

By WSJ StaffBitcoin prices extended declines on Friday.The largest cryptocurrency stood at around $82,800 in recent trade, down by over one-quarter this month, according to Dow Jones Market Data.Those losses put it on track for its worst month since June 2022, according to Dow Jones Market Data.That month, crypto lender Celsius Network froze withdrawals before collapsing, and crypto Fund Three Arrows was ordered to liquidate.Earlier in Friday's session, it had reached as low as $80,588.Bitcoin has fallen steeply after hitting an all-time high above $126,000 on Oct. 6.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).