Today’s Bitcoin news!

PRICE UPDATE:

Today Bitcoin has fallen all the way into the $56k range, and is now hovering around $57k.

This is the largest pullback so far during this #bitcoin bull run. POST: https://twitter.com/w_s_bitcoin/status/1785712801815707722

Bitcoin is 23% off its all-time high. So why does it feel worse than it is? 👉This is the second longest run of RED weekly candles in Bitcoin history! Both times were deep into a bear market. POST: https://twitter.com/BTC_Archive/status/1785686389738127380

Welcome to the #Bitcoin bull market. This is exactly how it goes. Your face will melt soon. POST: https://twitter.com/BrianDeMint/status/1785711108806021286

JUST IN: Over $380m leveraged Bitcoin and crypto positions wiped out in just 24 hours. https://twitter.com/RadarHits/status/1785644373507473775

#Bitcoin - we are here. POST: https://twitter.com/MikeJarmuz/status/1785675096138428729

ETFs:

JUST IN: Head of ETFs at both Goldman Sachs and JP Morgan have resigned. Maybe it’s a coincidence that both companies missed the most successful ETF launch in history with the #Bitcoin ETFs. 😅. POST: https://twitter.com/BTC_Archive/status/1785707923324223707

LONGER OUTLOOK:

JUST IN: Cathie Wood raises her Bitcoin price target by $2.3m to $3.8 MILLION. All it would take is for institutions to allocate "5% of their portfolios to Bitcoin". 🤔. POST: https://twitter.com/BTC_Archive/status/1785697790875541724

BINANCE FOUNDER SENTENCED:

Binance's Founder CZ Sentenced to 4 Months in Prison. Binance founder and former CEO Changpeng 'CZ' Zhao was sentenced to four months in prison for breaking US anti-money laundering laws at the world's largest cryptocurrency exchange. ARTICLE: https://www.nobsbitcoin.com/cz-sentenced-to-4-months-in-prison/

HISTORY:

Exactly 11 years ago, Forbes journalist, Kashmir Hill attempted to live off #Bitcoin for a week. Not only did she survive the week, she ended it by paying for 60+ people to eat and drink over the course of three hours, all in #Bitcoin. Legendary🔥. POST: https://twitter.com/CoinCorner/status/1785700968178368643

FIAT/GOVERNMENT NONSENSE:

Treasury buybacks are mostly irrelevant when analyzing the overall liquidity situation. But the fact that the Treasury has to provide liquidity for what is supposed to be the most deep and liquid market in the world, and that serves as the world reserve asset, is notable. POST: