Bitcoin dropped to prices last seen in 2024
Digest more
Bitcoin fell below $73,000 on Tuesday as investors sold the asset to hedge against heightened geopolitical and economic uncertainties.
The price of bitcoin fell about 10% over the past week.
Bitcoin trading near the $79,000 mark in early hours of February 1. Experts say bear market has begun. Other analysts say prices will begin to climb after the weekend.
Fears have been swirling for years that the era of U.S. dollar reserve currency status could be coming to an end, with the turmoil triggered by U.S. president Donald Trump’s global trade tariffs and the rise of China as a economic challenger to the U.S. stoking those fears.
Shares of Strategy ($MSTR) plunged today, dipping more than 8% as Bitcoin traded at new one-year lows. Shares of Strategy plunged today, dipping more than 8% in trading as Bitcoin traded at new one-year lows and crypto risk assets came under renewed pressure.