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08.02.26 - 00:48
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Why This Crash Is Bitcoin′s Biggest Test Yet (ZeroHedge)
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Why This Crash Is Bitcoin's Biggest Test Yet
Submitted by QTR's Fringe Finance
Bitcoin has a way of faking its own death, and this past week delivered another such instance with theatrical flair. After flirting with the once-unthinkable level of $120,000, the world's most famous digital asset promptly face-planted to around $62,000 at its recent lows on Thursday.
Even for crypto, a 50% drawdown in months isn't just a bad couple weeks. In a nascent asset like Bitcoin it's always a bit of a spiritual test. More than that, this drawdown looks and feels like yet another Bitcoin “moment of truth,” the kind that forces believers and skeptics alike to confront what this asset really is—and what it isn't.
For veterans of Bitcoin, the pattern is familiar. Exuberance builds. Headlines turn breathless. Group chats fill with laser-eye emojis. Then, without warning, gravity reasserts itself. Prices collapse. Influencers go quiet or get ornery on social media. Everyone suddenly remembers that ?...
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07.02.26 - 11:24
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Crypto Giant Tether Aided Turkey in Billion Dollar Crackdown (Bloomberg)
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On Jan. 30, Turkish authorities announced the freezing of more than half a billion dollars in assets owned by Veysel Sahin, who is accused of running illegal betting platforms and laundering criminal proceeds. An unidentified crypto company carried out the freeze at Turkey's request, Istanbul's chief prosecutor said....
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07.02.26 - 03:36
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"Tough Choices": Grant Cardone Puts Private Jet Up For Sale During Bitcoin Crash (ZeroHedge)
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"Tough Choices": Grant Cardone Puts Private Jet Up For Sale During Bitcoin Crash
Minutes after Bitcoin plunged below the $70,000 handle on Thursday evening, Grant Cardone of Cardone Capital told followers on X that, with "Bitcoin crashing," he now has to sell his $75 million private jet.
"Bitcoin is crashing so I have to say bye to the love of my life. Tough choices," Grant Cardone posted around 7:32 p.m. ET, minutes after Bitcoin slipped to around $69,000. Hours later, in Asian trading, it crashed further to about $60,033 (has since recovered to $70,000 by EOD Friday).
Cardone continued, "2024 Bombardier Global 7500, loaded, 5-year warranty, full programs, only 190 hours, full k-band, and ready for Starlink."
Bitcoin is crashing so I have to say bye to the love of my life. Tough choices. 2024 Bombardier Global 7500, loaded, 5 year warranty, full programs, only 190 hours, full k-band and ready for starlink. Interior is gorgeous. ??? find it on c...
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07.02.26 - 00:18
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Bitcoin Reclaims Almost All of the Losses From Thursday′s Rout (Bloomberg)
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Bitcoin is reclaiming its place among the favorite assets of thrill-seeking speculative traders. On Friday, the original digital currency surged the most in almost three years to recoup almost all of the losses registered during Thursday's crypto market meltdown that had dragged the token down more than 50% from its October peak. The dizzying swings of around 13% have helped to reignite a jump in the volatility that traders traditionally relish because of the potential profit opportunities. Bloomberg News Executive Editor for Crypto, Payments and Digital Finance stacy-marie ishmael joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...
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