Bitcoin plummeted below the $9,000 mark on Thursday. This drop marks a two-month low for the cryptocurrency. Autonomous Partners Managing Director Arianna Simpson explains her bullish outlook on Bitcoin.
"This has happened time, and time again in the history for Bitcoin and the crypto market," said Simpson. "It's just a question of having patience and realizing that this downturn is to be expected and I'm sure it will rebound."
Bitcoin's decline on Thursday came after India's Minister of Finance raised concerns of banning the cryptocurrency. "Most of the regulation news that has caused dips in the past is something that lasts for a period of time, but then overall we've seen it be quite dovish in general," said Simpson.
A Minnesota utility began shutting down a nuclear power plant near Minneapolis on Friday after discovering water containing a low level of radioactive material was leaking from a pipe for the second time. While the utility and health officials say it is not dangerous, the issue has prompted concerns among nearby residents and raised questions about aging pipelines.
Some parts of Twitter's source code — the fundamental computer code on which the social network runs — were leaked online, the social media company said in a legal filing that was first reported by The New York Times.
While data privacy still remains one of TikTok's biggest challenges, it may face a larger problem in order to stay in the United States: content moderation.
Governor Spencer Cox signed two measures restricting how easily children in the state can access platforms like TikTok and Twitter, setting the precedent in the U.S.
