Bitcoin Value Plummets Amidst Global Economic News
Bitcoin's value experienced a significant drop on Thursday, falling over 10% to around $64,000, according to CNBC. This marks the lowest point for the cryptocurrency since the 2024 Presidential election, as reported by The Verge. The decline follows a period of steady decrease after Bitcoin peaked at over $122,000 in October 2025, having surpassed $100,000 in November 2024, according to The Verge.
The drop in Bitcoin's value occurred amidst other significant economic developments. Argentina and the United States finalized a major trade agreement on Thursday, aimed at reducing tariffs and strengthening their political alliance, according to the Associated Press. The agreement seeks to ease restrictions on goods from both countries, supporting Argentinian President Javier Milei's efforts to open up Argentina's protectionist economy and the Trump administration's goal to lower food prices for Americans, according to NPR News.
In other news, the Trump administration unveiled TrumpRx.gov, a website designed to help consumers find discounts on brand-name drugs by paying cash instead of using their health insurance, according to NPR News. The website launched Thursday evening with 43 drugs from five companies: AstraZeneca, Eli Lilly, EMD Serono, Novo Nordisk and Pfizer, according to NPR News. Discounts from the other 11 companies that made agreements with the administration will be available in the coming weeks, according to NPR News.
Meanwhile, in Singapore, Hongkong Land launched the country's largest private real estate fund, valued at $6.4 billion (8.2 billion Singapore dollars), according to Fortune. The Singapore Central Private Real Estate Fund (SCPREF) will focus on prime commercial assets in Singapore's central business district, with an initial portfolio comprising buildings such as Asia Square Tower 1, One Raffles Link, One Raffles Quay, Marina Bay Link Mall, and Towers 1 and 2 of the Marina Bay Financial Centre, according to Fortune. CEO Michael Smith stated that the company envisions "having a series of funds with high-quality investors alongside us, creating fund management revenue," according to Fortune.
Additionally, tech companies are reportedly spending up to $400,000 to hire AI evangelists to counter growing American skepticism towards artificial intelligence, according to Fortune. Pew research indicates that 50% of Americans are more concerned than excited about AI, a rise from 37% in 2021, according to Fortune. Only 10% report being more excited than wary, according to Fortune. Companies like Anthropic have significantly expanded their communications teams to address public opinion, according to Fortune.
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