Bitcoin's value has plummeted to its lowest level in 15 months, now at $66,000, despite US President Donald Trump's vocal support and policy actions favoring cryptocurrency since re-entering office in January 2025.

• A single Bitcoin is currently worth $66,000 (£48,700), a 24% drop since the start of this year, and down 32% over the last 12 months.
• The price drop was reportedly "triggered by" Trump's nomination of Kevin Warsh as the new chair of the Federal Reserve, who is expected to take a "hawkish" approach to interest rates.
• Since January 2025, President Trump has amassed crypto holdings worth over $11 billion and gained $800 million in personal income from crypto transactions.
• Deutsche Bank analysts suggest traditional investors are losing interest, contributing to overall pessimism, with the market losing over $1 trillion in value in the last month.

Amazon announced a significant increase in its annual spending, committing $200 billion this year, primarily towards artificial intelligence (AI) and infrastructure. This aggressive investment, which is a substantial rise from last year's $125 billion, led to its shares falling by more than 11% in after-hours trading.

• Amazon is planning to invest $200 billion (£147.7 billion) in AI and infrastructure this year, making it the most aggressive AI investor among big tech.
• The firm's chief executive, Andy Jassy, stated that the bulk of this spending will go towards AI, believing it will reinvent customer experiences.
• Combined, Amazon, Meta, Google, and Microsoft are collectively planning to invest $650 billion into AI and related projects this year, sparking concerns from institutions like the Bank of England about a potential market bubble resembling the dot-com era.