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HomeCrypto NewsBitcoin below $95k! Majors nosedive 8-12%! JPMorgan bullish on Circle!

Bitcoin below $95k! Majors nosedive 8-12%! JPMorgan bullish on Circle!

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“`json
{
“title”: “Cryptocurrency Market Experiences Significant Correction as Bitcoin Drops Below $95,000”,
“content”: “Digital asset markets witnessed one of the most substantial corrections this year as major cryptocurrencies declined between 7-12% during Tuesday’s trading session. Bitcoin retreated 8% to $95,200, while Ethereum faced an 11% drop to $3,100. Other prominent assets followed suit, with BNB decreasing 7% to $895 and Solana experiencing a 12% decline to $137.\n\nDespite the widespread downturn, select cryptocurrencies demonstrated resilience. ZEC gained 3% and LEO advanced 1% among notable outperformers. The selloff extended to cryptocurrency-adjacent equities, with MicroStrategy and Coinbase both declining 7%, while Robinhood shares fell 9%. Market sentiment remained deeply pessimistic, with the Crypto Fear & Greed Index registering 16, firmly in ‘Extreme Fear’ territory.\n\nIn contrasting positive developments, JPMorgan analysts upgraded their rating on Circle to Overweight, citing expectations for accelerated USDC and stablecoin adoption. ARK Investment Management, led by Cathie Wood, acquired $30 million worth of Circle shares. Separately, Cash App disclosed plans to introduce stablecoin payment functionality across Solana and other blockchain networks by early 2026.\n\nOther market developments included Emory University doubling its position in Grayscale’s Bitcoin Trust, bringing its total holdings to $52 million. Meanwhile, reports emerged alleging that state-sponsored hackers from China utilized advanced coding tools to execute cyberattacks affecting approximately 30 corporations. Additional disclosures revealed historical Bitcoin discussions between entrepreneur Brock Pierce and economist Larry Summers referenced in Jeffrey Epstein estate documents.”,
“tags”: [“bitcoin price”, “crypto market”, “stablecoin growth”, “digital assets”, “blockchain technology”]
}
“`

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