"On Thursday, Bitcoin's value fell over 10 percent in a single day, dropping to around $64,000, the lowest it has been since the 2024 Presidential election, as CNBC reports. After crossing $100,000 in November 2024 and peaking at over $122,000 in October 2025, the cryptocurrency has been in a steady decline for the last several weeks."
"Ethereum-focused treasury BitMine's hoard lost over $8 billion in value on Thursday as Ether dropped below $2,000, reports. Bitcoin has effectively erased "all gains since its $69,000 all-time high in November 2021," according to . The Winklevoss twins' Gemini crypto exchange announced it would cut about 200 jobs and shut down operations in the EU, UK, and Australia on Thursday, reports."
"FT Alphaville apologized for earlier posts that "may have communicated the idea that bitcoin is a negative-sum game" and "an arbitrary hype gauge that's disconnected from any utility the token may have," saying "We stand by every single one of those posts.""
Bitcoin fell more than 10 percent in a single day to around $64,000, its lowest level since the 2024 Presidential election. The cryptocurrency had crossed $100,000 in November 2024 and peaked above $122,000 in October 2025 before declining. Ether fell below $2,000, causing Ethereum treasury BitMine to lose over $8 billion. Bitcoin has effectively erased all gains since its $69,000 all-time high in November 2021. Gemini announced about 200 job cuts and shutdowns in the EU, UK, and Australia. FT Alphaville apologized for posts that "may have communicated the idea that bitcoin is a negative-sum game" and said, "We stand by every single one of those posts."
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