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Bitcoin Plummets, House Prices Soar, Yemen Gets New Leader

Bitcoin prices fell to their lowest level in 16 months, hitting $60,000, despite former US President Donald Trump's public support for cryptocurrency, according to a BBC Technology report. Meanwhile, the average UK house price surpassed £300,000 for the first time, as reported by Halifax, the UK's largest mortgage lender. Other news includes Cuba's willingness to engage in talks with the US and the formation of a new government in Yemen.

The drop in Bitcoin prices, which occurred in January 2026, followed months of surging prices that saw the cryptocurrency reach an all-time high of $122,200 in October 2025, according to BBC Technology. Joshua Chu, co-chair of the Hong Kong Web3 Association, told Reuters that investors who "bet too big, borrowed too much or assumed prices only go up are now finding out the hard way what real market volatility and risk management look like."

In the UK, the average property price rose to £300,077 in January, a "milestone" that could be daunting for first-time buyers, according to Halifax, as reported by BBC Business. However, wage growth has outstripped house price inflation since 2022, which may help affordability. The Bank of England hinted at interest rate cuts coming this year, which should also help lower mortgage rates.

Elsewhere, Cuba expressed its willingness to engage in talks with the US, according to The Guardian. This announcement came after months of threats from Donald Trump. The Cuban president, Miguel Díaz-Canel, made the statement amid the island's deepening economic crisis.

In Yemen, a new government was formed, with Shaya Mohsen Zindani confirmed as the country's prime minister, according to Al Jazeera. Zindani will also continue to serve as foreign minister. The Saudi-backed presidential leadership council issued a decree to form the new government.

In other news, emails revealed that Prince Andrew considered David Rowland, a controversial businessman, his "trusted money man," according to BBC Business. The emails, which were part of the Epstein files, showed Andrew promoting Rowland's financial ventures during his time as the UK's trade envoy.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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