Bitcoin trades below $70,000 for the first time since November of 2024. A selloff has wiped out all of Bitcoin’s gains since the election of President Donald Trump.
While earlier legs of the decline were driven by crypto-specific liquidations, the recent pressure is tied to wider cross-asset stress. Bloomberg’s Muyao Shen reports.
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About The Author
B L O O M B E R G ⬇ IS ❌ C R A S H I N G ‼
The “crisis of faith” comment sums up the mood lately. Gold running while Bitcoin lags definitely complicates the digital gold pitch. It feels less like forced selling and more like narrative fatigue. I’m still holding some in Best Wallet, but the macro disconnect is hard to ignore.
The stock market is done. People dont have extra money anymore.
It’s getting flexed so hard 😂 keep the pyramid alive 😂
Thanks for sharing your insights! Bitcoin recently hit new highs, currently around $70k and above, signaling strong upward momentum that could mean exciting opportunities for investors. This growth phase shows Bitcoin’s resilience and potential for further gains..i have managed to grow a nest egg of around 100k to a decent 632k in the space of a few months.Thanks again, Leilanie wolfe. , for the regular updates
El Salvador about to be the world's sixth world country
Bitcoin is very important… for gamblers and fools. When Bitcoin drops, a group of gamblers starts encouraging people to buy so they can sell with smaller losses. Then another gambler buys, gets trapped in turn, waits 12 months to sell… and the process repeats. It’s a recurring cycle of buying and selling an illusion.
It’s big dogs cashing out knowing Epstein made bitcoin. It’s going to absolutely crash and could take down some financial systems.
These losses make me hard
Two airheads. Bloomberg FTW
BITCOIN CURRENCY, IS [" DIGITAL"] GARBAGE 🗑 👦🔊💩💩💩💩💩💩💩💩💩💩🤡🍄☠️💰/ BUY SILVER A TANGIBLE COMMODITY.
Bitcoin [" 1929"].CRASH 👦🔊💩💩💩💩💩💩💩💩💩💩🗑🤡🍄☠️💰/ BUY SILVER A TANGIBLE COMMODITY.
Imagine taking financial advice from someone who can’t even speak English.
Wait… wait… you mean this data stick I have with ones and zeros on it I got for solving a pointless math problem is worthless?!?!? How could that be?!?!?
Tulips come into compost. It was never going to happen. Pity el Salvador
Dump it.
🤣🤣👏👏
Bitcoin and Tesla are the too overvalued.
This is great. I just set my portfolio up earlier this week. Time to start buying! For anyone curious I'm keeping it simple. $50 split between Bitcoin, Ethereum, Solana, XRP, and XLM every week. Do what you can and reap the benefits down the road!
oh damn. there goes all the bitcoin holders.