Posted on 02/24/2026 11:05:06 AM PST by delta7
KEY POINTS -Bitcoin tumbled more than 5% on Tuesday, falling below $63,000, before paring some of the losses. -Analysts said the drop reflected “tactical de‑risking.” -Escalating tariff tensions and broader geopolitical risks weighed on the cryptocurrency.
Bitcoin tumbled more than 5% on Tuesday to fall below $63,000, as investors continued to grapple with escalating tariff tensions and broader geopolitical risks.
The world’s largest cryptocurrency fell as low as $62,964.64 amid investor pressure to move away from risk assets. Bitcoin pared some of the losses and was trading 1.5% down at $63,290, as of 5.58 a.m ET....
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“tactical de‑risking.” Ya, like people are beginning to realize this is a scam. Better get out.
I guess they finally ran out of new suckers.
Was cryptocurrency the petro-dollar for illegal oil sales and drug cartel money laundering, and Donald is closing up those businesses?
“Look out below, as forecasted. “
Who forecasted what when?
Exactly 21 million tulips. What could possibly go wrong
Bitgroin!
I just can’t get my head around the Bitcoin thing.
It makes sense only if I look at it as a scam.
> I just can’t get my head around the Bitcoin thing. <
You are in good company. Warren Buffett once said that he will not invest in cryptocurrency because he only invests in things he understands.
(But of course Buffett has been wrong on occasion. So, eh, who knows?)
The bitcoin system is a way to move wealth among people doing illegal activities, I think especially selling drugs.
From what I can more gambling than even drugs.
BTC is just about running on the greater fool theory. It has failed the test of being digital gold. There are other cryptos that have use cases and its too bad the innovation is being stifled by democraps and big banks.
Common sense told me to avoid Bitcoin purchase.
And kidnapper of Nancy in AZ wants ransom paid in Bitcoins.
And kidnapper of Nancy in AZ wants ransom paid in Bitcoins.
“I’m being marked down? I’ve been kidnapped by K-Mart!”
I’ll buy in a bit if it gets a lot lower.
People buying Gold and Silver to ride the wave.
That makes you a Blue Light Special.
It really went up a lot when Biden was elected. I think a lot of people used it to move money out of the county or other countries.
Then deposit that Bitcoin conversion into an offshore bank. I was told it makes it much harder to trace the transaction. Therefore, not pay taxes on the interest of those offshore bank deposits.
I know a guy who collatoralized his at $100K
Caution up ahead
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