Bitcoin Dropped to Prices Last Seen in 2024 as Crypto-Linked Stocks Extended Falls
Key Takeaways
- The price of bitcoin briefly fell below $73,000 today, dropping to levels unseen since Nov. 2024.
- Crypto linked stocks including Coinbase, Strategy, Circle and Gemini have fallen at least 15% in the last five trading days.
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“…
