Bitcoin prices tumbled to their lowest level in over a year this week, while Iranian and American officials prepared for high-stakes talks amid escalating tensions, and the Winter Olympics faced early controversies, according to multiple news reports. The price of Bitcoin fell below $66,000 on Thursday and hovered around $62,900 on Friday morning, according to Al Jazeera. Meanwhile, Iranian and American officials were set to begin face-to-face talks in Oman on Friday, as reported by Sky News, following weeks of threatened military action. Adding to the week's developments, the upcoming Winter Olympics in Italy were already embroiled in controversy, including allegations of athletes using "crotch enhancements," as reported by Sky News.
The drop in Bitcoin's value put pressure on the cryptocurrency market, according to Al Jazeera. The talks between the US and Iran, which were expected to begin in Muscat, were taking place amid a continued American naval build-up near Iran, which Donald Trump described as an "armada," according to Sky News. The US was sending its Middle East envoy, Steve Witkoff, to meet with Tehran's foreign minister Abbas Araqchi.
The Winter Olympics, set to open in Milan, were facing several controversies even before the opening ceremony, including claims of ski jumpers injecting an acid serum into their genitalia to increase size, according to Sky News. The World Anti-Doping Agency was looking into the claims.
The world was also preparing for the MilanoCortina 2026 Winter Olympics, which former Prime Minister of Greece, George Papandreou, wrote about in an opinion article for Euronews. He emphasized the importance of respecting the Olympic Truce and upholding a certain kind of civilization.
In other news, Lieutenant General Vladimir Alexeyev was fighting for his life after being shot multiple times in a Moscow apartment building, according to Sky News. Russia blamed Ukraine for the attack.
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