What Does Bitcoin’s Drop Mean? Depends on Who You Ask
Theories for its slide include hesitation around interest rates and crypto as a proxy for presidential power.
Bitcoin’s selloff in recent weeks caught the market off guard.
Photographer: Milan Jaros/BloombergBitcoin’s almost 30% drop in recent weeks has been hard to ignore. It’s also difficult to explain. Today Christopher Beam writes about some of the theories. Plus: The video game studio Yacht Club is facing an existential struggle.
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