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Why bitcoin's brutal drop from an October record high is now a crucial barometer for the broader market
U.S. stocks staged a furious comeback rally on Friday as investors once again swooped in to buy the dip ahead of the weekend. Bitcoin prices, on the other hand, continued to sink. The rebound helped save the Nasdaq Composite COMP from what would have been its worst weekly percentage-point decline since April. But the index still tallied a third-straight weekly decline, while the S&P 500 SPX and Dow Jones Industrial Average DJIA fell for the second week in three. For all of the pain in the stock market since the start of November, bitcoin prices (BTCUSD) have seen an even greater decline. Since tagging a record high ... (full story)
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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 ...
