Bitcoin is reclaiming its place among the favorite assets of thrill-seeking speculative traders.

The current price range, even after the rebound, also provides a challenge for Bitcoin miners. As CoinDesk reports, the current Bitcoin price is well under the average cost of $87,000 to mine a single Bitcoin. The outlet notes that this has traditionally been one of the signs of a bear market.

Cryptocurrency transactions are often thought to be anonymous and untraceable. That's a misconception, experts tell CBS News.

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.

Treasury secretary Scott Bessent said he doesn’t have the power to bail out Bitcoin. During a House Financial Services Committee hearing yesterday, Treasury Secretary Scott Bessent said he could not ask that banks prop up Bitcoin in the case of a crash. Crypto investors are responsible for their own risk.

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

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.