Bitcoin dropped below $95,000, hitting its lowest level since May 7. Despite briefly reaching $107,000, the cryptocurrency is down nearly 9% for the week. The tech-heavy Nasdaq Composite fell 0.6%, with Meta, Alphabet, Intel, Nvidia, and Tesla shedding between 1-2%.

Stocks like Microstrategy, Gemini Space Station, Bullish, Coinbase, and Bitmine Immersion Technologies also fell. The crypto market cycle may differ from past ones due to institutional capital. Institutions may not follow the traditional four-year price cycle, potentially helping bitcoin and other digital assets remain resilient.

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– Elon Musk’s SpaceX successfully launched 60 Starlink satellites into orbit, bringing the total number of satellites in the constellation to over 1,000. This move aims to provide global internet coverage and bridge the digital divide.

– The FDA authorized emergency use of Pfizer’s Covid-19 vaccine for adolescents aged 12 to 15. This decision comes after clinical trials showed the vaccine’s efficacy and safety in this age group, offering hope for a return to normalcy for schools and families.

– Colonial Pipeline paid nearly $5 million in ransom to hackers after a cyberattack forced the shutdown of its operations. This controversial decision has raised concerns about the vulnerability of critical infrastructure to cyber threats and the need for increased cybersecurity measures.: Bitcoin falls below $95,000 amid tech sell-off, bounces off lows on Friday