“$50,000 bitcoin is first target support toward $10,000," Bloomberg Intelligence strategist Mike McGlone wrote in a LinkedIn post, going on to warn that 2026 could be “be reminiscent” of the 2008 global financial crisis and the 2000-1 dot com crash for markets across the board.

By Hannah Lang and Elizabeth Howcroft NEW YORK, Feb 7 (Reuters) - Bitcoin could drop further after wiping out all of its price gains since the election of U.S. President Donald Trump as liquidity is expected to remain thin for the near future.

Bitcoin slumped below $70,000, a level last seen 15 months ago, as a broad risk-off sentiment engulfed global markets.

Crypto sentiment was hit as Gemini plans to close operations in several regions and cut staff, while spot bitcoin ETF flows turned negative.

The current price range, even after the rebound, also provides a challenge for Bitcoin miners. As CoinDesk reports, the current Bitcoin price is well under the average cost of $87,000 to mine a single Bitcoin. The outlet notes that this has traditionally been one of the signs of a bear market.

The White House is set to meet with banks and cryptocurrency firms on February 10 to discuss the future of the digital asset market. As the crypto market

By Hannah Lang Feb 2 (Reuters) - Bitcoin investors liquidated $2.56 billion in recent days, according to data provider CoinGlass, as cryptocurrencies slumped following a sell-off in other risk assets,

Thinking ahead is the easiest way to set yourself up for success later.

Major stock indexes closed sharply lower and bitcoin plunged to near $62,000 Thursday amid broad risk-off sentiment, as investors weighed the latest Big Tech earnings and downbeat labor data.

Strategy, Michael Saylor's iconic bitcoin treasury, has seen its stock plunge and its cost basis for its bitcoin trove soar amid the token's bear market.