Tech & Science Daily: Bitcoin crashes to lowest since summer ‘21

·1-min read
 (ES Composite)
(ES Composite)

Bitcoin dropped to $25,401, and is down more than 45 per cent so far this year, a long way from its $69,000 peak in November 2021.

It follows the meltdown of US dollar-pegged stablecoin TerraUSD, which had a knock-on effect with other virtual coins.

Ether’s also been hit, losing half its market value this year.

Web-connected exercise bike firm Peloton boomed at the peak of the pandemic but saw losses rise to $757 million in the first quarter of this year.

We asked Michael Hewson, chief market analyst at London-based CMC Markets UK, what the company’s future holds.

Google has confirmed the launch of its first own-brand smartwatch later this year as the search giant seeks to tempt more customers from Apple.

The Pixel Watch is among the hardware being released alongside Google’s next flagship smartphone, the Pixel 7, in the autumn.

Disney Plus reports gaining nearly eight million new subscribers at the start of the year, as Netflix’s woes continue. UK scientists are researching building a solar power plant floating in the middle of the cosmos. Meta confirms the company’s preparing for budget cuts at the Reality Labs division integral to building its virtual reality ‘metaverse’ project amid cost concerns. Royal Mail will increase its use of drones for deliveries, with the creation of 50 new “postal drone routes”. And, a gamer says he’s completed every single title in the Assassin’s Creed series without taking a single hit.

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