Bitcoin Plunges: Satan’s Wallet or Just a Bad Day?

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Ah, the markets-a theater of the absurd, where numbers dance like shadows on the walls of a madhouse. Behold, the great Bitcoin, once the darling of the digital underworld, has tumbled below the sacred $70,000 mark.

What to know, you ask? Oh, let us enumerate the tragedies:

  • Bitcoin, that digital phoenix, has fallen-not from grace, but from $70,000. A mere mortal wound, or the beginning of the end?
  • Crypto and precious metals are under siege, with the Fear and Greed Index languishing at 11. Even the devil himself would blush at such despair.
  • U.S. equities, those stalwart optimists, remain unfazed. The Nasdaq-100 tracking QQQ exchange-traded fund rises 0.22%, as if nothing were amiss.

Yes, Bitcoin has fallen-to $69,917.20, no less. The Fear and Greed Index, that fickle barometer of human folly, sits at 11. “Extreme fear,” they call it. But is it fear, or merely the universe reminding us of our insignificance?

The selloff, like a plague, remains confined to digital assets and metals. Gold, that ancient king, has fallen below $4,900 per ounce. Silver, its loyal vassal, has plummeted over 10%, to under $80 per ounce. Yet the U.S. equity markets stand firm, as if protected by some divine intervention-or perhaps just blind luck.

And so, dear reader, we are left to ponder: Is this the end of Bitcoin’s reign, or merely a chapter in its grand, absurd saga? Only time-and perhaps the devil himself-will tell.

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2026-02-05 15:26