Bitcoin’s price plummeted below $78,000, hitting its lowest level since April, as profit-taking and a lack of fresh buyers drove the decline. Traders believe the rally, fueled by corporate demand like MicroStrategy’s bitcoin purchases, has lost momentum. Market analysts see a bearish trend emerging, with technical indicators suggesting a potential deeper correction. Options traders are betting on prices dropping below $75,000, abandoning bullish bets on hitting $100,000. Bitcoin’s divergence from traditional markets since October indicates late-cycle risk-off behavior, according to experts. Crown predicts bitcoin could fall further before stabilizing, eyeing the mid-$50,000 to low-$60,000 range as a potential value-accumulation phase.

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3. Bitcoin surpasses $40,000 for the first time as cryptocurrency continues to gain popularity. – finance.yahoo.com
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5. Apple announces plans to invest $3.6 billion in Kia for electric vehicle production. – finance.yahoo.com: Bitcoin’s ‘hopium’ for bulls may be over and this weekend’s slide could be just the beginning