Bitcoin News
By Sakamoto Nashi
1 / 15
Bitcoin plummeted to $83,000 Tuesday. The drop came as Nasdaq suffered its worst day in months, with artificial intelligence companies reporting disappointing earnings that sent…
2 / 15
The cryptocurrency's fall mirrors what happened to traditional stocks, raising serious questions about Bitcoin's reputation as a safe haven asset.
3 / 15
Market correlation looks pretty scary right now.
4 / 15
Elon Musk jumped into the conversation with a tweet that got everyone talking. The Tesla CEO wrote: "Not the haven some think it is," referring directly to Bitcoin's volatile…
5 / 15
Trading volumes on major exchanges went absolutely wild. Coinbase reported a 15% spike in transactions compared to the previous week as users scrambled to adjust their positions.
6 / 15
Institutional money started moving fast.
7 / 15
BlackRock's Rick Rieder didn't mince words during his CNBC interview. "The recent volatility in Bitcoin shows the asset's unpredictability," Rieder said, emphasizing that…
8 / 15
MicroStrategy took an 8% hit on its stock price as Bitcoin's decline weighed on the business intelligence company's massive crypto holdings.
9 / 15
JP Morgan analysts released a research note that basically threw cold water on Bitcoin's institutional adoption prospects.
10 / 15
Goldman Sachs jumped in too, advising clients to be careful with cryptocurrency investments.
11 / 15
Square Inc. got caught in the crossfire, with its stock falling 12% as investors worried about the company's Bitcoin holdings.
12 / 15
Janet Yellen added regulatory uncertainty to the mix. The Treasury Secretary said: "We're watching closely," when asked about potential new crypto rules.
13 / 15
Kraken's Jesse Powell tried to put things in perspective with his own tweet. "Current price movements should be a wake-up call for investors relying solely on Bitcoin for…
14 / 15
Fidelity Investments bucked the trend with a statement backing digital assets despite the market mess.
15 / 15
Bitcoin's market cap dropped by roughly $200 billion during Tuesday's selloff. The crypto community keeps debating what it all means, but nobody seems to have clear answers about…
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