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Bitcoin dropped to prices last seen in 2024 as crypto-linked stocks extended falls
Crypto can't catch a break. Bitcoin hit new lows for the year on Tuesday, briefly breaking below $73,000 to levels not since November 2024, according to data firm Messari. Crypto-linked stocks including Coinbase (COIN), Strategy (MSTR), Circle (CRCL) and Gemini (GEMI) swooned alongside the cryptocurrency, each of them notching declines of at least 15% over the past five trading days. When the crypto complex will get a reprieve is anybody's guess. Some experts thought there might be a "value zone" in the mid-$70,000s; the coin recently changed hands above $76,000. Tuesday's swoon coincided with a sell-off in risk ... (full story)
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