Stocks and crypto slid hard as Cramer points a finger at Bitcoin.

Some market analysts have suggested bitcoin could fall further, potentially hitting between $40,000 to $50,000.

Self-proclaimed billionaire Grant Cardone announced he is selling his private jet as bitcoin prices crashed this week. Newsweek reached out to Cardone via email for comment.

Strategy, Michael Saylor's iconic bitcoin treasury, has seen its stock plunge and its cost basis for its bitcoin trove soar amid the token's bear market.

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.

By Sinéad Carew and Sophie Kiderlin NEW YORK/ LONDON, Feb 6 (Reuters) - MSCI's global equities gauge was up more than 1% on Friday after falling in five of the last six sessions, while bitcoin also attempted a comeback from a sharp selloff and spot gold and silver prices attempted to regain some lost ground.

U.S. Treasury secretary Scott Bessent has warned he wouldn’t be surprised if China is building a U.S. dollar and bitcoin challenger based on

The price of bitcoin fell more than 10% on Thursday.

Bitcoin reclaimed around half of the losses registered during Thursday’s crypto market meltdown, which was the largest since the collapse of Sam Bankman-Fried’s FTX exchange roiled the digital asset sector more than three years ago.