Group 1 - Bitcoin has hit new lows for the year, briefly falling below $73,000, marking levels not seen since November 2024 [1][5] - Crypto-linked stocks such as Coinbase, Strategy, Circle, and Gemini have experienced declines of at least 15% over the past five trading days [1][5] - The recent drop in Bitcoin coincided with a broader sell-off in risk assets, including significant declines in major U.S. tech stocks [2][3] Group 2 - Some experts suggest there may be a "value zone" for Bitcoin in the mid-$70,000s, although it recently traded above $76,000 [2] - Predictions for Bitcoin prices are pessimistic, with a 48% probability placed on prices hitting $70,000 or below in the near term [4] - A shorter-term events contract indicates that bettors expect Bitcoin prices to end below current levels by the end of February [5]
Bitcoin Dropped to Prices Last Seen in 2024 as Crypto-Linked Stocks Extended Falls