Bitcoin's value experienced a significant drop on Thursday, falling below $65,000, according to The Verge. The cryptocurrency's value decreased by over 10% in a single day, marking its lowest point since the 2024 Presidential election, CNBC reported.
The decline follows a period of growth where Bitcoin surpassed $100,000 in November 2024 and peaked at over $122,000 in October 2025, according to The Verge. However, the cryptocurrency has been in a steady decline for the last several weeks, Stevie Bonifield of The Verge reported.
In other tech news, Google is planning a major expansion of its AirDrop-like feature for Android devices, Ars Technica reported. After initially adding basic AirDrop support to Pixel 10 devices last year, the company hinted that it would be available on more phones this year. Currently, only the latest Pixel 10 devices can initiate an AirDrop session with Apple devices, according to Ars Technica.
Meanwhile, Wall Street strategist Tom Lee discussed a potential "black swan" scenario involving Elon Musk and the global financial system, Fortune reported. Speaking at a live recording of SoFi's "The Important Part" podcast, Lee suggested that Musk could become "the new central bank." Lee also discussed gold as a "Lindy effect asset" and a "demographic story," according to Fortune.
During the same podcast taping, Lee and author Michael Lewis discussed the recent selloff in software stocks, Fortune reported. They analyzed a market characterized by extreme volatility, where software stocks have significantly declined and artificial intelligence poses a threat to various industries. Lewis, author of "The Big Short," shared his thoughts on the current market conditions, stating, "I think fear is not a bad thing to be long right now," according to Fortune.
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