Trump, Bitcoin
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Some market analysts have suggested bitcoin could fall further, potentially hitting between $40,000 to $50,000.
Bitcoin rebounded from a dramatic selloff on Thursday, with investors hoping the worst might be over.
The current price range, even after the rebound, also provides a challenge for Bitcoin miners. As CoinDesk reports, the current Bitcoin price is well under the average cost of $87,000 to mine a single Bitcoin. The outlet notes that this has traditionally been one of the signs of a bear market.
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
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.
Bitcoin's Wall Street-like fear gauge has spiked to its highest level since the collapse of the FTX exchange in 2022, signaling intense market panic as prices plummeted to nearly $60,000. Volmex's bitcoin volatility index (BVIV),
Stocks and crypto slid hard as Cramer points a finger at Bitcoin.
According to strategists at JPMorgan Chase, Bitcoin has actually traded with less volatility than gold. It's been a rough go for Bitcoin ( BTC +1.98%), the world's largest cryptocurrency by market cap, which is now down nearly 22% on the year, despite a strong rally on Feb. 6.