Bitcoin has entered a tough correction phase, losing almost a trillion dollars in market value since its peak last October. This drop shows deeper changes in how investors are feeling about digital assets and brings up new questions about whether Bitcoin can truly be a "safe haven" during shaky market times. Bitcoin fell to $72,000, losing about $48,000 from its value, hitting its lowest point in 15 months. That's a loss of over 40% compared to its recent high. This decline happened during a big global sell-off that swept through markets, influenced by changing interest rates and tighter financial conditions.
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<p>Telecommunications giant du has launched its new $50 million investment fund, 'du Ventures,' in partnership with tech investment firm Shorooq. This strategic move aims to support promising startups and accelerate digital innovation across the UAE and the wider Middle East, reinforcing the nation's role in the global digital economy.</p>
Mohamed Ahmed·3 min read·6/3/2026
