Bitcoin nearly grazed $60,000 on Thursday as investors shied away from the asset due to growing concerns over its utility.

The current price range, even after the rebound, also provides a challenge for Bitcoin miners. As CoinDesk reports, the current Bitcoin price is well under the average cost of $87,000 to mine a single Bitcoin. The outlet notes that this has traditionally been one of the signs of a bear market.

NEW YORK/LONDON >> Bitcoin climbed back above $70,000 today, after sinking to a 16-month low earlier, lifted by a sharp rebound in technology shares and precious metals following a global rout that had hammered a broad swathe of risk assets.

U.S. Treasury secretary Scott Bessent has warned he wouldn’t be surprised if China is building a U.S. dollar and bitcoin challenger based on

Despite a pro-crypto White House and surging institutional adoption, bitcoin has plummeted about 40% since rocketing to a record in early October.

Bitcoin has lost nearly half its value since a high last year, intensifying fears about just how vulnerable crypto can be when investors flee risk.

As Bitcoin's price wipes gains seen since President Trump's election in 2024, here's a guide to some of the crypto market's trickiest terms.

The speculation that bitcoin would hit $200,000 in 2025 now seems like a dream. Because it was.

The decentralized nature of bitcoin may prove appealing in a world of declining U.S. dollar dominance and a changing global trade order.

Investing.com-- Bitcoin slumped nearly 8% on Thursday to hit lows below $70,000 levels, as thinning liquidity and a broad sell-off in global technology stocks triggered renewed pressure on risk assets.