Bitcoin Falls 9% and Asian Shares Slip
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Bitcoin is reclaiming its place among the favorite assets of thrill-seeking speculative traders.
Some market analysts have suggested bitcoin could fall further, potentially hitting between $40,000 to $50,000.
“We see few bullish indicators that suggest we may be approaching the bottom,” Jefferies analyst Andrew Moss says.
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.
Stocks and crypto slid hard as Cramer points a finger at Bitcoin.
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
Cryptocurrency transactions are often thought to be anonymous and untraceable. That's a misconception, experts tell CBS News.
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
Ultimately, it's always important for investors to keep their focus on the long term. With that being said, I predict that Bitcoin's price will reach $850,000 in 10 years.