Bitcoin Plummets Below $65,000 Amidst Market Volatility
Bitcoin's value experienced a sharp decline on Thursday, falling over 10% to around $64,000, marking its lowest point since the 2024 Presidential election, according to The Verge. The cryptocurrency's drop occurred amidst broader market volatility, including a significant crash in silver markets and growing skepticism towards AI technology.
The price of Bitcoin had peaked in October 2025 at over $122,000, after crossing $100,000 in November 2024, but has been in a steady decline for the last several weeks, Stevie Bonifield of The Verge reported. Bloomberg reported that the crypto crash was fueled by Wall Street-backed funds, devastating retail investors who bought into the hype surrounding digital assets following Donald Trump's return to the White House. The collapse erased all gains made since Trump's re-election, highlighting the volatile nature of cryptocurrency investments and the risks associated with speculative market premiums.
Adding to the market turmoil, silver markets experienced a historic crash, plummeting over 40% in a week and erasing all year-to-date gains, marking levels of turmoil unseen since 1980, Bloomberg reported. This volatility highlights the inherent risks in commodity markets and raises questions about market stability amidst geopolitical uncertainties, while gold prices remain relatively stable.
Meanwhile, as tech companies invest heavily in AI development, public opinion has soured on the technology, according to Fortune. A recent Pew research indicated that 50% of Americans are more concerned than excited about AI, up from 37% in 2021, while only 10% are more excited than wary. In response, Silicon Valley is seeking top communications experts and is willing to pay up to $400,000 for AI evangelists to defend against surging American skepticism, as originally reported by Business Insider. Anthropic has tripled the size of its communications team over the past several years, bringing the total to
Despite the cryptocurrency downturn, Amazon Web Services (AWS) reported a strong Q4 2025 with $35.6 billion in revenue, a 24% year-over-year increase, according to multiple sources cited by The Verge. The cryptocurrency market was broadly impacted, with Ethereum also declining and Gemini crypto exchange announcing job cuts and closures.
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