Bitcoin Investors Search for Stability After Tough Week — WSJ
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By WSJ Staff
Bitcoin recently traded at about $69,250, a touch below late-Friday levels. Shares in Strategy (MSTR) traded lower, after a big bounce to end last week.
The cryptocurrency suffered its largest weekly decline in more than three years. Permabulls are still searching for answers about what exactly caused the crash. Some leading theories:
Other markets from gold to meme stocks and AI are stealing crypto's thunder.
New ETFs and derivatives have dented bitcoin's appeal as a scarce asset.
Trump's pick as Federal Reserve chair, Kevin Warsh, might not be all that great for crypto.
New crypto legislation has recently stalled.
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