Bitcoin Price Tumbles Near $121k As Jack Dorsey Challenges Credit Cards With New Bitcoin Wallet
The Bitcoin price has dropped a fraction of a percent in the last 24 hours to trade at $121,310 as of 3.45 a.m. EST. This comes as Twitter co-founder Jack Dorsey’s Square announced the launch of a Bitcoin wallet for retailers in a move designed to take Bitcoin payments mainstream and challenge credit cards. JUST IN: Jack Dorsey's Square introduced a #Bitcoin wallet solution to enable local businesses to accept BTC payments with zero fees. Bullish 🚀 pic.twitter.com/giHUcQTLLr — Bitcoin Magazine (@BitcoinMagazine) October 8, 2025 The wallet, part of Dorsey’s bigger vision for Bitcoin, allows merchants to automatically convert up to 50% of their daily sales into Bitcoin, starting November 10. For the first time, small businesses can accept Bitcoin payments and avoid traditional card network fees, with zero transaction charges until 2027. Connecting the ecosystem with @Square has been the dream since we launched bitcoin in @CashApp in 2018 Starting today,...