Breaking news

Bitcoin Plummets Below $80,000 Amidst Market Turmoil

Recently, Bitcoin’s value dipped below the $80,000 mark, marking its lowest point since early November. This downturn follows significant sell-offs across the cryptocurrency market and has nearly erased Bitcoin’s post-election gains.

Key Highlights

  • As of early Friday, Bitcoin’s price stood at $78,949 after an 8.5% drop over 24 hours.
  • Within the past week, Bitcoin has seen a nearly 20% decrease in value.
  • Ethereum, the second-largest cryptocurrency, fell by over 11%, reaching about $2,100.
  • XRP, BNB, and SOL cryptocurrencies experienced 9.2%, 7.3%, and 9% drops respectively in the previous day.

The cryptocurrency market is also reacting to President Donald Trump’s economic policy on new tariffs. Bitcoin has dropped 27.3% from its all-time high of $109,114 recorded on January 20, signaling intense volatility.

Greek Tankers Transit Hormuz As Shipping Risks Rise In Gulf And Black Sea

Two tankers linked to George Prokopiou passed through the Strait of Hormuz as regional tensions continue to affect shipping routes in the Gulf.

Safe Passage Through Hormuz

The tanker Smyrni, operated by Dynacom Tankers Management, was observed off the coast of Mumbai on Saturday morning after its earlier positioning in the Persian Gulf. The vessel, like its predecessor Shenlong, temporarily disabled its transponder during transit, a common practice in these narrow channels under uncertain conditions.

Robust Market Commitments

Despite reduced shipping traffic through the strait, Dynacom has continued expanding its fleet. The company recently ordered four additional VLCC tankers from Hengli Heavy Industry. Each vessel will have a capacity of 300,000 deadweight tonnes. With the new order, Dynacom’s VLCC program in Chinese shipyards now totals 16 vessels.

Security Incident In The Black Sea

In a separate incident, the Greek-flagged tanker Maran Homer sustained minor damage near Novorossiysk in the Black Sea. The vessel is operated by Maran Tankers Management, part of the shipping group controlled by Maria Angelicoussis.

Reports indicated the ship was struck by a missile or drone about 14 nautical miles from the port. The crew of 24, including Greek, Filipino and Romanian sailors, was not injured. The vessel, which was not carrying cargo, continued sailing under its own power.

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