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Bitcoin plunges — but Abu Dhabi still believes in blockchain

Summary by Semafor

Bitcoin has lost its gains since crypto-friendly US President Donald Trump took office. The digital asset has slumped more than 40% from its October peak, notching its fourth straight weekly decline, with some analysts warning there is no bottom in sight. Standard Chartered slashed its 2026 price target for Bitcoin to $100,000 — it was once as high as $300,000 — warning it could fall to $50,000 this year. Investor Michael Burry, famous for betti…

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2 Articles

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Cryptocurrency News | Cryptocurrency Prices | Market Cap

Bitcoin plunges — but Abu Dhabi still believes in blockchain

Bitcoin has lost its gains since crypto-friendly US President Donald Trump took office. The digital asset has slumped more than 40% from its October peak, notching its fourth straight weekly decline, with some analysts warning there is no bottom in sight. Standard Chartered slashed its 2026 price target for Bitcoin to $100,000 — it was once as high as $300,000 — warning it could fall to $50,000 this year. Investor Michael Burry, famous for betti…

11 hours ago·New York, United States

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100% Left

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Semafor broke the news in New York, United States 11 hours ago on Tuesday, February 17, 2026.

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