News
Bitcoin drops to $80,000, bears may be regaining control
Bitcoin closed two consecutive weeks below $83,000, prompting analyst Benjamin Cowen to label the recent breakout a fakeout and warn that bears could be back in control. He noted potential support near $72,000‑$76,000 if prices stay below $83,000 and highlighted Fed, inflation, and oil price influences. Strive plans to raise up to $1 billion for possible Bitcoin purchases, while Strategy paused its weekly Bitcoin buying and spent $204.9 million on preferred share buybacks, holding 848,517 BTC. Additional market notes covered gold, Bitmine’s ETH accumulation, and XRP’s potential drop to $1.