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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.

Published

8 months ago

January 28, 2025

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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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Mark Zuckerberg has unveiled Meta’s first so-called AI glasses

Meta’s AI glasses launch stumbles with demo failures, raising doubts about the technology’s readiness and future integration.

Published

3 hours ago

September 19, 2025

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Meta’s AI glasses launch stumbles with demo failures, raising doubts about the technology’s readiness and future integration.

Mark Zuckerberg has unveiled Meta’s first so-called AI glasses, promising a crisp high-resolution display and futuristic wristband controls. But what should have been a triumph quickly turned awkward.

The $799 Meta Ray-Ban Display was billed as a breakthrough, yet the much-hyped live demo stumbled. The glasses ignored instructions during a cooking demonstration, and Zuckerberg’s Neural Band failed to answer a call from his CTO, forcing a clumsy workaround on stage.

Zuckerberg blamed WiFi issues, but the misfires raised doubts over whether Meta’s glasses are ready for prime time. For now, the vision of seamlessly blending AI with everyday eyewear seems more promise than reality.

#technology #innovation #socialmedia #TickerNews

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Donald Trump says Jimmy Kimmel was taken off air because of poor rating

Trump claims Kimmel’s suspension due to ratings, while Democrats call it an attack on free speech amid political tensions.

Published

3 hours ago

September 19, 2025

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Trump claims Kimmel’s suspension due to ratings, while Democrats call it an attack on free speech amid political tensions.

Donald Trump has claimed Jimmy Kimmel was taken off air because of poor ratings, as Democrats accuse the move of being an attack on free speech.

Jimmy Kimmel Live, a late-night staple since 2003 on Disney-owned ABC, was suddenly suspended after the host criticised Trump’s response to the murder of conservative commentator Charlie Kirk.

The outspoken comedian, a frequent critic of Trump, mocked the former president’s reaction, sparking outrage among ABC’s local affiliates who pulled the show from their schedules.

#USPolitics #Media #FreeSpeech #TickerNews