Bitcoin Humbles Wall Street Faithful After $600 Billion Plunge
(Bloomberg) — Bitcoin bulls have it all — Wall Street support, political tailwinds, institutional cash. Everything, that is, except a rally.
After topping $126,000 in October, Bitcoin has fallen sharply, wiping out its 2025 gains. The sharp retreat from record highs comes in a year that was supposed to cement Bitcoin’s legitimacy.
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Wall Street has shown up, exchange-traded funds are bringing crypto into mainstream portfolios and the Trump administration has fully embraced crypto.
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