Bitcoin Falls 9% and Asian Shares Slip
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Some market analysts have suggested bitcoin could fall further, potentially hitting between $40,000 to $50,000.
Analysts hint at historical Bitcoin data.
Strategy, Michael Saylor's iconic bitcoin treasury, has seen its stock plunge and its cost basis for its bitcoin trove soar amid the token's bear market.
U.S. Treasury secretary Scott Bessent has warned he wouldn’t be surprised if China is building a U.S. dollar and bitcoin challenger based on
Stocks and crypto slid hard as Cramer points a finger at Bitcoin.
Treasury secretary Scott Bessent said he doesn’t have the power to bail out Bitcoin. During a House Financial Services Committee hearing yesterday, Treasury Secretary Scott Bessent said he could not ask that banks prop up Bitcoin in the case of a crash. Crypto investors are responsible for their own risk.
The price of bitcoin continued its monthslong slide Thursday, falling another 11% to $67,000, its lowest level in 15 months
Bitcoin is reclaiming its place among the favorite assets of thrill-seeking speculative traders.
By Rae Wee, Tom Westbrook, Amanda Cooper and Gertrude Chavez-Dreyfuss SINGAPORE/LONDON/NEW YORK, Feb 6 (Reuters) - Bitcoin climbed back above $70,000 on Friday, after sinking to a 16‑month low earlier,