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Bitcoin drops over 3% amid tech stock sell-off

Bitcoin fell 3% to $100,776 as tech stock sell-offs and market volatility increase, impacting cryptocurrencies.

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Bitcoin fell 3% to $100,776 as tech stock sell-offs and market volatility increase, impacting cryptocurrencies.

Cryptocurrencies experienced a significant decline at the start of the last week of January.

This downturn follows a previous record peak and is largely influenced by a sell-off in technology stocks linked to the Chinese startup DeepSeek.

Bitcoin’s price fell by 3% to $100,776.81, with earlier lows of $97,750. The CoinDesk 20 index, which tracks a broader range of cryptocurrencies, dropped by 7%.

The Nasdaq also suffered, declining more than 3%, leading to falls in shares of major crypto firms. Coinbase and MicroStrategy saw declines of about 6% and 4%, respectively, while Bitcoin mining companies faced heavier losses. Core Scientific shares fell by 28%, Terawulf by 25%, and Iren by 22%.

Geoff Kendrick from Standard Chartered noted that the relationship between digital assets and the tech sector is strong, pointing to the correlation between Bitcoin and Nasdaq performance.

In the last 24 hours, over $250 million in long liquidations in Bitcoin occurred, as traders using leverage were forced to sell their assets to cover losses. This was exacerbated by mixed reactions to an executive order on crypto from President Trump.

Investors are also cautious ahead of the Federal Reserve meeting, hoping for a more accommodative stance but fearing a lack of dovish policies.

Despite the recent volatility, some analysts suggest there is nothing fundamentally bearish about Bitcoin’s current price action.

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Google leads Australia media tax rankings

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

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Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.


Google is currently on the of top of Australian media tax payments, while Netflix, Dentsu, and Singtel pay nothing, sparking a fresh debate over fairness and corporate responsibility in the industry.

#TaxTransparency #Google #Netflix #CorporateResponsibility #AustraliaBusiness


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Trump eyes Middle East visit as Gaza ceasefire talks advance

Trump may visit Middle East this weekend as Kushner seeks Gaza ceasefire amid positive Egypt talks and Turkey’s confirmation.

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Trump may visit Middle East this weekend as Kushner seeks Gaza ceasefire amid positive Egypt talks and Turkey’s confirmation.


President Trump may visit the Middle East this weekend as Jared Kushner and envoy Steve Witkoff push for a Gaza ceasefire.

Recent Egypt talks and cooperation from Israel and Hamas raise hopes for a deal, with Turkey confirming progress.

#GazaCeasefire #TrumpMiddleEast #Kushner #PeaceTalks #IsraelHamas


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US government takes 10% equity in Trilogy Metals

U.S. takes direct 10% stake in Trilogy Metals to enhance supply chain security for AI, clean energy, and defense.

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U.S. takes direct 10% stake in Trilogy Metals to enhance supply chain security for AI, clean energy, and defense.


The U.S. government’s 10% stake in Trilogy Metals marks a shift from subsidies to direct ownership in strategic industries.

Experts say this approach aims to secure supply chains for AI, clean energy, and defense, reducing reliance on foreign sources for critical minerals and tech components.

#TrilogyMetals #USIndustry #CriticalMinerals #SupplyChainSecurity #AI #CleanEnergy #DefenseTech #IndustrialPolicy


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