Bitcoin Plummets, Losing $750B

Bitcoin prices plummeted this week, dropping below eighty-five thousand dollars, marking a significant loss since its October peak. The cryptocurrency market, including stocks like Robinhood and Coinbase, experienced a widespread decline. Global economic developments, particularly interest rate hike hints from the Bank of Japan, and a broader trend of decreasing risk appetite are cited as causes. Despite the current slump, some experts predict a rebound next year, especially with potential Federal Reserve rate cuts.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.