Some market watchers have suggested $70,000 is a key level to watch and a break below that could lead bitcoin to decline further.

A sharp drop for Google’s parent company is yanking the U.S. stock market lower, while prices for bitcoin, silver and gold weaken.

NEW YORK (AP) — Wall Street is bouncing back from big losses taken earlier in the week, as technology stocks recover some of their losses on Friday and bitcoin halts its plunge, at least for now.

Shares have retreated in Asia on heavy selling of technology stocks, while the price of bitcoin fell as much as 8%

Major stock indexes closed sharply lower and bitcoin plunged to near $62,000 Thursday amid broad risk-off sentiment, as investors weighed the latest Big Tech earnings and downbeat labor data.

Bitcoin, the world's biggest cryptocurrency, sank this week, wiping out gains sparked by Donald Trump's presidential election victory in November 2024.

Financial markets tumbled Feb. 5 on fears about AI and the economy.

According to strategists at JPMorgan Chase, Bitcoin has actually traded with less volatility than gold. It's been a rough go for Bitcoin ( BTC +1.98%), the world's largest cryptocurrency by market cap, which is now down nearly 22% on the year, despite a strong rally on Feb. 6.

The Dow Jones Industrial Average soared well past the 50,000 mark for the first time ever on Friday as Wall Street bounced back from losses across the technology sector taken earlier in the week. The blue-chip index surged 1,