Bitcoin's value plummeted below $65,000 on Thursday, marking a significant downturn for the cryptocurrency after peaking at over $122,000 in October 2025, according to The Verge. This drop, representing a decline of over 10 percent in a single day, coincided with a volatile market that also saw the Bank of England holding interest rates steady while anticipating future cuts due to lowered economic growth forecasts, as reported by multiple sources.
The cryptocurrency's decline, as reported by The Verge, brought its value to its lowest point since the 2024 Presidential election. The drop follows a period of steady decline in recent weeks after Bitcoin crossed $100,000 in November 2024. Simultaneously, the tech industry is experiencing other shifts. Amazon Web Services reported strong revenue growth, according to The Verge.
The AI sector is also facing challenges. According to Fortune, American skepticism towards AI is growing, with 50% of people expressing more concern than excitement about the technology, a significant increase from 37% in 2021. This shift in public opinion has prompted tech companies to invest heavily in public relations and communications, with some, like Anthropic, tripling the size of their communications teams.
The competitive landscape of the AI chatbot market is also heating up. OpenAI CEO Sam Altman faced criticism, as reported by BBC Technology, for his online response to Anthropic's Super Bowl ad campaign. Altman's post, which accused Anthropic of being "dishonest" and "deceptive," was widely ridiculed on social media.
In other news, the Super Bowl, as highlighted by Time, continues to be a major economic driver, generating enormous revenue for its host city and the country. The event draws over 100 million viewers and is a major commercial event.
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