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Bitcoin loses half its value in three months amid crypto crunch

about 4 hours ago
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Bitcoin’s price sank to $63,000 on Thursday, its lowest level in more than a year, and half its all-time peak of $126,000, reached in October 2025,A months-long dip in cryptocurrency prices has tanked shares of companies that have increasingly invested in bitcoin, exacerbating broader stock market jitters,Bitcoin rode a high during Donald Trump’s ascent to the presidency in 2024 and throughout 2025; its price steadily increased as the president made one industry-friendly move after another,Crypto’s largest currency hit $100,000 for the first time in December 2024 and even rose to a record high of $126,210,50 on 6 October, according to Coinbase.

But bitcoin’s valuation has dipped over the last few months, falling especially hard in January and the start of February.Companies that went all in on bitcoin have been hit hard in the recent sell-off.CoinGecko data shows that the global crypto market has lost $2tn in value since early October.Multiple cryptocurrency ventures backed by the Trump family and listed on the stock market saw their values decline in response to bitcoin’s slump.Bitcoin, which emerged after the 2008 financial crisis as a way to bypass banks and traditional payment methods, is the world’s most valuable cryptocurrency.

The second-largest cryptocurrency, ether, has faced losses of more than 30% this year alone, adding insult to injury after it missed out on the boom of 2025.In addition to financial disaster, the cryptocurrency faces regulatory headwinds.Some Democrats and watchdogs in the US have raised alarms about Trump’s conflicts of interest around cryptocurrencies and a lack of regulation under the current administration.US representative Ro Khanna said on Wednesday that he planned to investigate World Liberty Financial, following reports from the Wall Street Journal that a member of the Emirati royal family backed a $500m investment into the Trump family’s cryptocurrency company.Khanna wrote in a statement that the reported deal “may have contributed to changes to US policy”.

societySee all
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Blanket rule on trans women in men’s prisons would deny their identity, says Scottish government

A blanket rule to house transgender women in men’s prisons, even when they pose no risk to others, would be a “fundamental denial” of their identity, the Scottish government has argued.Placing a trans inmate in a prison that does not align with their lived gender runs counter to the aims of rehabilitation, Gerry Moynihan KC said on Thursday as he set out Scottish ministers’ position that a blanket rule on where prisoners are housed could contravene obligations under the European convention on human rights.In its latest court battle with the SNP government, For Women Scotland is challenging guidance that says trans prisoners should be housed according to individual risk assessment, which the group argues is contrary to the supreme court’s ruling on women-only spaces.For Women Scotland brought the original challenge that resulted in last April’s landmark ruling that the definition of a woman in equalities law refers to biological sex.Arguing that the supreme court decision was “not a universal proposition” but only for the purposes of the Equality Act, Moynihan said: “Where a transgender prisoner does not pose an article 8 problem, does not threaten the rights of others – are we to have an absolute rule that says that they must be accommodated in a prison of their sex?“Why? The sole reason is that they are to be classified as a man

about 9 hours ago
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Does getting cold increase your chances of catching flu?

“Put your coat on or you’ll catch your death of cold.” It’s a common refrain that feeds the narrative that getting cold will make us sick. And it’s true that illnesses are more common during the winter months, but is it true that you are more likely to catch the flu if you forget your hat?Not exactly. Writing in The Conversation, medical microbiologist Manal Mohammed from the University of Westminster has explained that colds and flu are caused by viruses that spread either by respiratory droplets or person to person regardless of the temperature. However, there is a bit of truth in the idea – many viruses survive for longer in colder and dryer conditions, increasing the chances of them hanging around and infecting a fresh victim

about 20 hours ago
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Autistic girls much less likely to be diagnosed, study says

Females may be just as likely to be autistic as males but boys are up to four times more likely to be diagnosed in childhood, according to a large-scale study.Research led by the Karolinska Institutet in Sweden scrutinised the diagnosis rates of autism for people born in Sweden between 1985 and 2020. Of the 2.7 million people tracked, 2.8% were diagnosed with autism between the ages of two and 37

1 day ago
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Wes Streeting to offer resident doctors bigger pay rise to end dispute

Wes Streeting is to offer resident doctors a bigger pay rise than other NHS staff in England as part of a new package of measures to try to end their long-running dispute.The health secretary also plans to guarantee resident doctors that hospitals will be fined if they do not give them good working conditions, such as rest areas and access to hot food.Streeting is looking at making a series of improvements to previous offers he has made, which may persuade the British Medical Association (BMA) to call off its nearly three-year-long campaign of industrial action.Senior figures in the NHS briefed on Streeting’s thinking are increasingly optimistic that the measures he is finalising may prove enough to break the deadlock before the third anniversary of the first doctors’ strike of the current dispute on 13 March 2023.The health secretary hopes that by offering to significantly improve – but for resident doctors only – the 2

1 day ago
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Mediterranean diet can reduce risk of stroke by up to 25%, long-term study suggests

A Mediterranean diet can reduce the risk of every type of stroke, in some cases by as much as 25%, a large study conducted over two decades suggests.A diet rich in olive oil, nuts, seafood, whole grains and vegetables has previously been linked to a number of health benefits. However, until now there has been limited evidence of how it might affect the risk of all forms of stroke.The study, published in Neurology Open Access, a journal of the American Academy of Neurology, shows an association but does not prove the Mediterranean diet causes a lower risk of stroke.However, experts not involved with the research welcomed the findings, and said there was “huge potential” to reduce a person’s chances of experiencing a stroke

1 day ago
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DWP chief accused of overseeing ‘culture of complacency’ that led to carer’s allowance scandal

The government’s most senior welfare official has been accused of presiding over a “culture of complacency” that led to thousands of unpaid carers inadvertently running up huge benefit debts.Debbie Abrahams, the chair of the work and pensions select committee, said the Department for Work and Pensions had repeatedly failed to prioritise vulnerable people, was unwilling to learn from its mistakes, and was slow to fix errors.Abrahams said she found it “difficult to have confidence” in the DWP’s permanent secretary, Sir Peter Schofield, who had promised MPs more than six years ago that he would fix critical flaws in the carer’s allowance benefit but had failed to do so.An award-winning Guardian investigation revealed hundreds of thousands of unpaid carers, most already in poverty, were landed with large bills for overpayments running into thousands of pounds as a result of DWP shortcomings. Several hundred carers are estimated to have also received fraud convictions

1 day ago
cultureSee all
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Jimmy Kimmel on Trump: ‘We are now at the women-should-smile-more stage of his presidency’

1 day ago
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The Guide #228: Against ​my ​better ​judgment​,​ A Knight of the Seven Kingdoms ​has ​me ​back in Westeros

2 days ago
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Randa Abdel-Fattah and Louise Adler to headline alternative to cancelled Adelaide writers’ week

2 days ago
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Jon Stewart on Epstein files: ‘I’m just not sure anybody is going to be held accountable’

2 days ago
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‘Pain is a violent lover’: Daisy Lafarge on the paintings she made when floored with agony

2 days ago
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From Dorset to the world: wave of donations helps to secure Cerne giant’s home

3 days ago