Crypto Stock Mania Tested by Sliding Prices, Bitcoin Slump
Crypto Stock Mania Tested by Sliding Prices, Bitcoin Slump Bloomberg 2 hrs ago (Bloomberg) -- A drop in cryptocurrency-linked stocks in the wake of Bitcoin’s slide and Coinbase Global Inc.’s choppy debut is stirring a rallying cry from optimists who reject fears that the sector has peaked. A global, Bloomberg-curated basket of equities linked to crypto trading or Bitcoin mining fell some 9% over the past week, paring 2021’s climb to about 130%. A weekend Bitcoin plunge rattled crypto mania, but the token has since pared some losses and remains up 690% over the past year. “The publi...
Source: msn.com