Bitcoin's value plummeted to its lowest point in 16 months, while other global events unfolded, including a US decision on Argentinian beef imports, Cuba's openness to talks with the US, and a shooting of a Russian general. The cryptocurrency's drop occurred despite former US President Donald Trump's public support for it, according to BBC Technology.
Bitcoin's price dipped to $60,000 (44,000), a low not seen since September 2024, before slightly recovering, as reported by BBC Technology. This downturn followed a period of rising prices, which saw Bitcoin reach an all-time high of $122,200 in October 2025. Joshua Chu, co-chair of the Hong Kong Web3 Association, told Reuters that investors who had overextended themselves were now experiencing market volatility.
Simultaneously, Donald Trump signed a proclamation to increase US imports of Argentinian beef, as detailed by The Guardian. This move, which a White House official had previously announced in October, sparked criticism from US cattle ranchers, though economists predicted it would have little impact on consumer prices.
In other international developments, Cuba expressed its willingness to engage in talks with the US, as reported by The Guardian. Cuban President Miguel Díaz-Canel made the statement amid the island's ongoing economic crisis, following months of threats from the US.
Additionally, Japan prepared for a snap election, with the country's first female Prime Minister, Sanae Takaichi, seeking to consolidate her position, according to Sky News. The election was seen as a test of her leadership, with her Liberal Democratic Party projected to win a decisive mandate.
Meanwhile, in Moscow, Lieutenant General Vladimir Alekseyev was shot multiple times in a residential building, as reported by Sky News. The Russian government blamed Ukraine for the attack.
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