Activity in Nancy Guthrie’s ransom Bitcoin account
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Bitcoin drops 15%, briefly breaking below $61,000 as sell-off intensifies, doubts about crypto grow
Some market watchers have suggested $70,000 is a key level to watch and a break below that could lead bitcoin to decline further.
Bitcoin prices hovered around $69,000, with one analyst suggesting that the crypto market may be approaching its bottom.
Treasury Secretary Scott Bessent recently pressed lawmakers to act on stalled crypto legislation, saying the United States must secure clear market structure rules before the end of the spring legislative window.
Bitcoin prices have declined significantly, and some analysts warn of more pain ahead.
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.
A South Korean crypto exchange accidentally dumped more than $40 billion worth of Bitcoin into customer accounts — an astounding error during a giveaway meant to award prizes worth just a few cents each.