Bitcoin’s Long Slide Explained by ‘Number Go Down’
A rising price requires ever-more buyers, and it’s unclear where they’ll come from next.
Bitcoin peaked back in October.
Photographer: Justin Tallis/Getty Images
Bitcoin fell so far on Thursday that some were wondering whether the end of crypto was upon us, despite the Trump administration’s boosterism—before it recovered some by midday Friday in New York. We turned to investigative reporter Zeke Faux, author of Number Go Up, to explain what’s going on. Plus: a new episode of Everybody’s Business, Super Bowl bets are moving to prediction markets, and voice-to-text use is on the rise in the office.
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