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What’s Driving Bitcoin’s Slump?
They’re calling it the whodunit of the century. It’s no secret bitcoin has been having a rough go of it lately, particularly as the digital currency reaches its fourth straight month of selloffs, sitting below $70,000 a coin for the past two weeks. Now, nearly half of the bitcoin currently in circulation is worth less than what its holders paid for it. But who is to blame? While universities are largely holding on, some hedge funds have revamped their entire positions, selling tens of millions of shares in the iShares Bitcoin Trust ETF (IBIT) and other spot bitcoin products. But for most investors, the value of a ... (full story)
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