Trump, Bitcoin
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Guthrie's ransom demand is in bitcoins for a reason
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Bitcoin's price continues its decline, dropping another 11% to $67,000. It has lost nearly half its value since hitting a record high in October.
Crypto positions worth $853 million got wiped out within the last 24 hours.
Bitcoin prices have suffered quite a bit lately, and are currently down more than 50% from the record high of roughly $126,300 they reached last Fall.
By Hannah Lang Feb 5 (Reuters) - Turbulence in the cryptocurrency market is dragging down shares of companies that hold bitcoin and other digital assets on their balance sheets, sparking concerns over potential broader strains in the sector.
Bitcoin prices dipped as online rumours falsely linked Jeffrey Epstein to Satoshi Nakamoto, triggering volatility despite a lack of evidence.
Bitcoin fell below $73,000 on Tuesday as investors sold the asset to hedge against heightened geopolitical and economic uncertainties.
In the worst case scenario, crypto miners could go bankrupt and the metals market could plummet if bitcoin keeps falling, Michael Burry said.
Bitcoin dropped nearly $10,000 Thursday, with the world's largest cryptocurrency falling roughly 13% to trade slightly below $63,600. The selloff picked up pace late in the U.S morning. Declines in crypto prices have coincided with broader market jitters.