On May 16, the 91-year-old chain took a step toward financial independence and began to accept Bitcoin (BTC) payments globally via the Lightning Network.

Sophisticated crypto scams are on the rise. But few of them go to the lengths one bitcoin mining executive experienced earlier this year.

For context, bitcoin has only seen a negative annual return three times since 2010: To veteran macro investor Jordi Visser, the sideways trading of recent months signals maturation of an asset class.

Morgan Stanley has sold $104 million in complex structured notes tied to BlackRock’s iShares Bitcoin Trust (IBIT), according to data from Structured Products Intelligence, part of WSD.

Bitcoin briefly fell below $90,000 overnight as investors sell once high-flying assets like cryptocurrencies and artificial intelligence stocks. Bitcoin fell to around $89,500 early Tuesday, its first drop below $90,

SINGAPORE (Reuters) -Bitcoin slipped below $90,000 for the first time in seven months on Tuesday in the latest sign that investor appetite for risk-taking is drying up across financial markets.

It’s taken less than two weeks for a rare euro-denominated preferred stock offering by Michael Saylor’s Bitcoin treasury company to fall below its already-discounted offer price.

Bitcoin cayó brevemente por debajo de los 90.000 dólares durante la noche mientras los inversores venden activos que antes volaban alto, como las criptomonedas y las acciones de inteligencia artificial.

Bankrupt crypto exchange Mt. Gox has moved millions of dollars in Bitcoin (BTC) for the first time in eight months, signaling continued preparation for long-awaited creditor repayments. On-chain data from Arkham showed the estate transferred 185 BTC, valued at $16.8 million, to a Kraken wallet following a small test transaction.

Yet the market has retreated — fast, hard and with no clear trigger. Bitcoin’s total market value has plunged by about $600 billion from an October high, according to data compiled by Bloomberg. In crypto, volatility is expected. What’s different this time is how quickly conviction has evaporated, and how few explanations hold up.