Bitcoin drops toward $86,000 as 'lack of conviction' keeps a lid on crypto prices

Bitcoin (BTC-USD) tumbled to hover around $86,000 on Monday as strategists remained skeptical of a year-end crypto rally. The world's largest cryptocurrency is currently down around 8% year to date. Last week, it was unable to punch above $94,000. Strategists note that flows into bitcoin exchange-traded funds have been weak in recent weeks, capping upward movement after the token tumbled from a record high of about $126,000 in October to nearly $80,000 last month. "Bitcoin is more likely to continue tra ...