Bitcoin drops to 11-day low amid tech selloff
Bitcoin fell below $100,000 on Monday, hitting an 11-day low as market caution spiked following the debut of a Chinese AI model that triggered a selloff in Western tech stocks.
Bitcoin advanced towards $100,000 on Thursday, reaching a high of $95,040 during Asian trading.
The cryptocurrency has more than doubled this year, gaining 40% in the two weeks since Donald Trump's election as U.S. President, alongside pro-crypto lawmakers.
Trump has pledged to make the U.S. the "crypto capital of the planet" and build a national bitcoin reserve, boosting investor optimism. Over $4 billion has flowed into U.S. bitcoin ETFs since the election, with strong demand for BlackRock’s ETF options.
Crypto-related stocks have surged, with MARA Holdings rising nearly 14% and MicroStrategy’s market cap surpassing $100 billion.
Analysts suggest this bullish momentum reflects growing interest in the broader blockchain ecosystem, though regulatory clarity remains uncertain.
A tragic crowd crush at New Delhi Railway Station on Saturday night left 18 dead and 10 injured as thousands of people, many heading to the Kumbh Mela festival, attempted to board delayed trains. The incident highlights the ongoing risks of overcrowding at public transportation hubs in India.
A Delta Air Lines regional jet flipped upside down upon landing at Toronto Pearson Airport on Monday, injuring 18 people. Officials are investigating whether strong winds and snow played a role in the incident.
Berlin, February 21, 2025 – German citizens will head to the polls on Sunday, February 23, for a snap general election after the coalition government collapsed late last year.
Russia has resumed wheat exports to Kazakhstan after lifting a ban that was in place until December 31, 2024.
The European Union will seek more gas from countries including the U.S. to replace Russian supplies, and expand renewable energy faster to cut its overall reliance on the fuel, the EU's energy commissioner has said.
BEIJING, Feb 20, 2025 – China is “doing its best” to push for talks with the European Union over tariffs imposed on Chinese-made electric vehicles, a commerce ministry spokesperson said on Thursday.
Berlin, February 20, 2025 – Mercedes-Benz has launched a fresh cost-cutting initiative aimed at reviving sales and margins, as the German carmaker forecasts a significant drop in earnings in 2025.
The Asian Development Bank (ADB) has approved a plan to scale up its operations by 50% over the next decade, leveraging its existing capital base to enhance bank’s impact across Asia and the Pacific.
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