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.
Analysts hint at historical Bitcoin data.
Some market analysts have suggested bitcoin could fall further, potentially hitting between $40,000 to $50,000.
Cryptocurrency transactions are often thought to be anonymous and untraceable. That's a misconception, experts tell CBS News.
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.
Self-proclaimed billionaire Grant Cardone announced he is selling his private jet as bitcoin prices crashed this week. Newsweek reached out to Cardone via email for comment.
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.
1don MSN
Bitcoin drops 15%, briefly breaking below $61,000 as sell-off intensifies, doubts about crypto grow
Some market watchers have suggested $70,000 is a key level to watch and a break below that could lead bitcoin to decline further.