Bitcoin Falls Below $80,000 | Elon Musk's Tesla Seeks California Robotaxi Approval

Bitcoin has fallen more than 5%, dropping below 80,000 for the first time since November 11. The world’s largest cryptocurrency is under pressure after a 1.5-billion-dollar hack involving rival coin ether, triggering investor panic. Concerns over President Trump’s unclear crypto policy and fresh tariff threats on Canada, Mexico, and China are also weighing heavily on sentiment. In another development, Tesla has applied for its first permit in California to offer a future robotaxi service. Right now, Tesla can only test self-driving cars with human safety drivers in the state. But for a real commercial robotaxi service, Tesla needs multiple additional approvals, including permits for fully driverless rides. Elon Musk wants Tesla’s ride-hailing service to be running in California and Texas this year, but experts warn that it could take years. Watch The World Report for the latest updates.