Bitcoin dropped below $86,000 for the first time in two weeks with investor sentiment weakening as the largest cryptocurrency slips deeper into bear market territory.

The original cryptocurrency has been drifting toward the lower bound of its recent trading range with any increase in the price seen being met by selling from investors who purchased the largest cryptocurrency near the all-time high reached in early October, analysts have said. Bitcoin fell as much as 3.3% to $85,5787 on Monday, and is down around 30% from its record high of more than $126,000.