Topic
Business US EU

Bitcoin hits October low, rebounds

5m

Bitcoin plunged to its lowest level since October 2024 before staging a strong intraday rebound, rattling investors and prompting debate over whether the market had found a floor.

33%
Bitcoin has plunged by 50% from an all-time peak in October.

Yet another thing that all the world's worst people told us would herald a golden age. More like a massive shit shower for gamblers... sorry... investors.
February 6, 2026 at 7:03 PM

Reposted by Ugo Panizza

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Reposted by Richard S.J. Tol

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In January 2026, Russia's oil and gas budget revenues plummeted by 50.2%, dropping to 393 billion rubles. The Central Bank reports that this sharp decline is primarily due to falling oil prices.
February 6, 2026 at 4:26 PM

Reposted by Greg Linden

16%
Decided to cackle a bit about the crypto crash, fake money, and when ponzi schemes get into trouble.

open.substack.com/pub/davekarp...
February 6, 2026 at 5:59 PM
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"when we say $2 trillion was lost from the crypto ecosystem, we should also be clear about where it went. It went nowhere. That money was never real to begin with"
On Crypto Crashes and Fake Money
When the cryptocurrency ecosystem sheds $2 trillion, we should pause to notice where it went.
open.substack.com
February 7, 2026 at 12:01 AM
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And who said we stopped making pennies?
Just checking in on American Bitcoin, the Eric Trump venture that is a leveraged bet on Bitcoin.
February 6, 2026 at 12:30 PM
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Just checking in on American Bitcoin, the Eric Trump venture that is a leveraged bet on Bitcoin.
February 6, 2026 at 12:20 PM
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“We have rules against this sort of thing. But we don’t really enforce them much anymore, because (to oversimplify it just a bit) the various futurecoin companies spent over a quarter of a billion dollars to influence the 2024 election, and they have hired very expensive lawyers too”
"when we say $2 trillion was lost from the crypto ecosystem, we should also be clear about where it went. It went nowhere. That money was never real to begin with"
On Crypto Crashes and Fake Money
When the cryptocurrency ecosystem sheds $2 trillion, we should pause to notice where it went.
open.substack.com
February 7, 2026 at 12:15 AM