Caroline Hepker

We're above $5,000.

Massive sell-off in Bitcoin seems to be slowing down

and at least stable today, $76,000, just above that level for Bitcoin this morning.

That is a look at where we are in the market, Stephen.

I'm Caroline Hepka, and this is Bloomberg.

And I'm Caroline Hepker.

Almost half a trillion dollars has been wiped off cryptocurrencies in less than a week as the sell-off accelerated.

Bitcoin dropped as much as 7%, falling to just under $73,000 on Tuesday, its lowest level since early November.

Famed big short investor Michael Burry is now warning that the plunge could deepen.

into a self-reinforcing death spiral, in his words, inflicting lasting damage on companies that have spent the past year stockpiling the token.

London's Metropolitan Police have started a criminal probe into politician Peter Mandelson over his ties to Jeffrey Epstein.

Authorities are investigating the former minister over alleged misconduct in public office.

The news follows Mandelson's resignation from the House of Lords after the Prime Minister Keir Starmer called his actions disgusting.

But the leader of the opposition, Kemi Badenock, questioned Mandelson's previous appointment as the UK ambassador to the United States.

Conservative Party leader Kemi Badenoch speaking there.

They're following the release of US Justice Department files, which appear to show Mandelson forwarding internal Downing Street emails to Epstein.

The European Commission is also assessing whether the former Labour peer breached its code of conduct through contact with Epstein, given that Mandelson was the EU's trade commissioner from 2004 to 2008.

Santander has announced a €5 billion share buyback after confirming it has agreed to buy Webster Financial for €12 billion.

The deal will give Santander a major presence in the northeast of America.

It is one of the largest ever US transactions by a European lender.