18 Hrs
Source:
Sky News
Bithukun Bleeding: Short-Term Fix or Structural Change
Bitcoin's value has fallen below $60,000, incurring significant losses and erasing half of its value since reaching its peak last year. This decline is fueled by money flowing out of index funds and a surge in AI-related stocks. Meanwhile, the altcoin market is experiencing a sharp downturn and a reduction in overall market capitalization. Stablecoins continue to play a role in the global financial system, as Wall Street firms resume valuing digital assets, and banks begin experimenting with blockchain technology.
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