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Bitcoin has shed almost $800 billion since its October peak. What's behind the plunge?
Bitcoin continued to slide on Friday, extending a weeks-long slump that has wiped out nearly $800 billion in value since the cryptocurrency hit its 2025 peak last month. The downturn has stripped away all of bitcoin's gains this year — and raised questions about where it might go from here. Since closing at almost $125,000 on Oct. 6, its highest price this year, bitcoin has shed about one-third of its value. On Friday, bitcoin sank below $82,000 before rebounding slightly to $83,509 before noon EDT, according to CoinGecko, a cryptocurrency data aggregator. The cryptocurrency, which is trading at its lowest level ... (full story)
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