Bitcoin's price plummeted to its lowest level in 16 months, while Uber was ordered to pay $8.5 million in a sexual assault case, and businesses in Malawi protested new tax changes, according to reports from multiple news sources. Additionally, Storm Leonardo continued to batter Europe and northern Africa.
Bitcoin's value dipped to $60,000 (44,000), its lowest point since September 2024, despite public support for cryptocurrency from former US President Donald Trump, according to BBC Technology. The drop followed a period of rising prices, which saw the cryptocurrency hit 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 "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 a separate development, a US court ordered Uber to pay $8.5 million to a woman who claimed she was raped by a driver for the ride-share company, as reported by BBC Business. The jury in Arizona found Uber responsible for the driver's behavior. Uber stated its intention to appeal the verdict. The plaintiff, Jaylynn Dean, alleged she was sexually assaulted while taking an Uber.
Meanwhile, thousands of businesses in Malawi closed in protest over new tax changes, according to The Guardian. Demonstrations across Malawi's four main cities led to a delay in the introduction of the new tax regime, which business owners claimed would cripple their livelihoods. Tens of thousands had signed petitions against the changes.
Also, emails revealed that Prince Andrew referred to David Rowland as his "trusted money man," according to BBC Business. The emails, part of the Epstein files, showed Andrew's financial discussions at a time when he was the UK's trade envoy. Epstein appeared reluctant to engage with Rowland after being warned that the UK press considered Rowland a "shady financier."
Finally, Storm Leonardo continued to bring torrential rain and strong winds to parts of Spain and Portugal, as reported by The Guardian. Spain's meteorological agency issued its highest alert for heavy rainfall in Cádiz and Málaga. Flash floods in Morocco forced over 100,000 people to evacuate.
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