Bitcoin prices fell to their lowest level in 16 months, hitting $60,000 (44,000), despite former US President Donald Trump's public support for cryptocurrency, according to a BBC Technology report. The drop occurred after months of surging Bitcoin prices, which reached an all-time high of $122,200 in October 2025. Meanwhile, the US engaged in talks with Iran and Cuba, and Japan prepared for a snap election.
The Bitcoin price decline, reported by BBC Technology, was attributed to market volatility. Joshua Chu, co-chair of the Hong Kong Web3 Association, told Reuters that investors who had "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 other international developments, as reported by Al Jazeera, Donald Trump said the US had "very good talks" with Iran in Oman on Friday, but maintained the threat of military action if a deal over its nuclear program was not reached. Cuba also expressed willingness to engage in talks with the US "without pressure," according to The Guardian, amid the island's deepening economic crisis.
The former president also signed a proclamation to increase US imports of beef from Argentina, The Guardian reported. Economists said the move would likely have little impact on prices, despite sparking fury from US cattle ranchers.
In Japan, the country prepared for a snap election on Sunday, according to Sky News, in the first electoral test for the country's first female prime minister, Sanae Takaichi. Her Liberal Democratic Party (LDP) was projected to win a decisive mandate.
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