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Bitcoin fell almost 20% today according to CoinDesk data, before stabilizing. Bloomberg reported the price plunged "amid reports of service outages and delays" at some large online Bitcoin exchanges.

Expand chart
Data: CoinDesk; Chart: Axios Visuals

Why this matters: The price of Bitcoin is up more than 800% this year (it passed $10,000 for the first time earlier today) while at the same time facing criticism from some in the financial community, like JP Morgan CEO Jamie Dimon who called it a fraud.

Go deeper

Scoop: Trump's new social network quietly courting influencers

Illustration: Lazaro Gamio/Axios

Former President Trump’s elusive new social media network Truth Social — which plans to go public — is reaching out to internet influencers asking them to “reserve their spots” for when it launches in February or March.

Why it matters: The outreach doesn’t mention Trump’s name or affiliation. Some influencers suggest that could be a ploy to enlist their support without realizing the affiliation.

The SAT is going digital

A practice SAT. Photo: Alex Garcia/Los Angeles Times via Getty Images

The College Board announced Tuesday that the SAT will be delivered digitally in the U.S. in 2024.

Why it matters: The College Board said it's seeking to make the SAT "more relevant," as some colleges start to ditch the college admissions exam altogether.

Hybrid work wins

llustration: Eniola Odetunde/Axios

For the first time since the start of the pandemic, most knowledge workers are in hybrid work arrangements, partly remote and partly in-office, a new survey finds.

By the numbers: 58% said they now work this way, in a survey of around 10,000 knowledge workers from the U.S., Europe, Australia and Japan, conducted last November by Future Forum, a research group backed by Slack.