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Bitcoin Hits Lowest Level Since 2024 and Stocks Stumble as AI and Geopolitical Nerves Fray
Bitcoin fell nearly 7% to just below $73,000 amid tech sector declines and escalating US-Iran tensions, with gold futures rising 6.8%, data show.
- Yesterday, Bitcoin dropped almost 7% and fell just below $75,000, hitting its lowest since November 2024.
- Heavy selling in tech forced broad declines, including Nvidia down 4.1%, while market losses intensified after reports the United States shot down an Iranian drone and oil futures rose.
- Major indexes fell with the S&P 500 down 1.25%, the Nasdaq slumping 2%, and the Dow down 360 points as the VIX jumped 19%.
- Safe-Haven flows sent gold futures up 6.8% to $4,967 a troy ounce and silver futures soared 10% to roughly $84.78 a troy ounce amid the risk-off move, while Walmart shares gained 2.1%, pushing the retailer's market value above $1 trillion.
- Longer-Term indicators show Bitcoin is down roughly 41% since its October record above $126,000 amid AI spending and corporate profitability concerns.
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The bitcoin has lost almost 7 percent on Tuesday and has recorded its minimum since November 2024.
Bitcoin Price Crashes Below $73,000, Hitting Lowest Level Since 2024
The market’s leading cryptocurrency, Bitcoin (BTC), slid to its lowest price level seen since November 2024 on Tuesday, falling below the $73,000 threshold. The asset dropped to around $72,900 as growing concerns about a prolonged bear market continued to weigh on investor sentiment. Data from CoinGecko shows that BTC is down roughly 4% over the past 24 hours and about 15% over the last seven days. Yet, the sell‑off has not been limited to Bitco…
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Total News Sources13
Leaning Left1Leaning Right1Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
13%
C 75%
12%
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