Bitcoin drops under $79,000 after $82,000 rejection as macro risks intensify

Bitcoin fell below $79,000 on Friday after failing to hold above $82,000 the day before, with its moves closely tracking US small-cap stocks. Analysts point to weak demand for bullish leveraged bets and heightened recession and geopolitics-related uncertainty, while suggesting fixed-income outflows could later redirect liquidity toward BTC in the medium term.