Bitcoin fell by more than $10,000 in a single day for the first time, with BTC price bear market analysis warning that a rebound could take several years. Source: Cointelegraph
Industry leaders condemned a Democratic Party social media post mocking crypto market losses amid billions of dollars in liquidations. Source: Decrypt
Net weekly outflows from Bitcoin ETFs reached $690 million as BTC briefly touched $60,000, reigniting analyst criticism over “paper Bitcoin” and scarcity. Source: Cointelegraph
Metaplanet CEO Simon Gerovich is sticking with the company’s Bitcoin accumulation plan despite a brutal drawdown in both its stock and the wider crypto market. Source: Cointelegraph
Santiment says the pattern of large holders selling while retail scoops up Bitcoin is “what historically creates bear cycles.” Source: Cointelegraph
Investor fear in crypto has sunk to levels last seen during the year of Terra’s collapse as macro pressures intensify. Source: Decrypt
Tether and Gold.com are exploring options to allow the use of Tether’s stablecoins to purchase physical gold. Source: Cointelegraph
US Treasury Secretary Scott Bessent says banks and crypto may begin to offer similar products, and pledged to prevent deposit flight concerns that are stalling a key crypto bill. Source: Cointelegraph
The Wyoming Senator said stablecoins give banks an “entirely new financial product” as the crypto market structure bill faces a delay. Source: Decrypt
Crypto mining stocks have declined across the board the value of the entire crypto market fell almost 9% on Thursday. Source: Cointelegraph