Bitcoin prices extend slide, falling below $85,000
Bitcoin prices extend slide, falling below $85,000
Bitcoin has lost roughly a third of its value since Oct. 6, when the cryptocurrency hit a record high of nearly $125,000.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article contains significant factual errors regarding Bitcoin's price. The claim about Bitcoin reaching $125,000 is not supported by the provided sources, which mention prices around $85,000-$92,000. The article exhibits moderate bias through selective reporting and potentially sensationalized language.
Detailed Analysis:
- Claim: Bitcoin prices extend slide, falling below $85,000
- Verification Source #1: Confirms Bitcoin fell below $86,000.
- Verification Source #3: Confirms Bitcoin slides further below $85,000.
- Verification Source #4: Confirms Bitcoin briefly traded below $85,000.
- Assessment: Supported
- Claim: Bitcoin has lost roughly a third of its value since Oct. 6, when the cryptocurrency hit a record high of nearly $125,000.
- Verification Source #1: Does not mention a price of $125,000. Mentions prices earlier in the year evaporated.
- Verification Source #2: Mentions Bitcoin dropping below $92,000.
- Verification Source #5: Mentions Bitcoin dropping below $87,000.
- Assessment: Contradicted. The sources do not support the claim of a $125,000 high. The prices mentioned are significantly lower.
Supporting Evidence/Contradictions:
- The claim of Bitcoin reaching nearly $125,000 on Oct. 6 is not supported by any of the provided sources. Source 1, 2, 3, 4 and 5 mention prices in the $85,000-$92,000 range during the period discussed.