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Bitcoin drops to 83K as crypto slide extends month-long retreat

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Top stories today:

  1. Bitcoin drops to $83K as crypto slide extends month-long retreat
  2. Google updates Quick Share to work with Apple’s AirDrop
  3. Kalshi said to hit $11B valuation after $1B Sequoia, CapitalG round
  4. U.S. job growth beats forecasts, but unemployment climbs
  5. Gemini 3 Pro Image aka Nano Banana Pro debuts
  6. Oracle emerges as credit-market bellwether for AI risk

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. Bitcoin drops to $83K as crypto slide extends month-long retreat

  • $81,385.97 was the new low at 2 AM ET on Fri.

The $1T+ crypto wipeout deepened as Bitcoin hit a 7-month low, marking a new phase of the 2025 crash

2. Google updates Quick Share to work with Apple’s AirDrop, starting with Pixel 10

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4. Kalshi said to hit $11B valuation after $1B Sequoia, CapitalG round

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