Bitcoin Plunges Below $85,000 as Crypto Stocks, Trump-Linked Tokens Shatter Amid Market Sell-Off
cryptocurrency
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CNBC TV18•01/12/2025
Bitcoin Plunges Below $85,000 as Crypto Stocks, Trump-Linked Tokens Shatter Amid Market Sell-Off
- •Bitcoin drops below $85,000, down 33% in eight weeks.
- •Crypto stocks tumble, Coinbase down 5.1%, Robinhood down 5.2%.
- •Riot Platforms drops 5.4%, Strategy falls 10.3%.
- •American Bitcoin falls 7.2%, down 41% since September 30.
- •Analysts cite risk-off sentiment, institutional selling, and stalled regulation.
Why it matters: Crypto market volatility can impact your investments and financial planning decisions.
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