Here’s why the Bullish stock price has plunged and what next
Bullish stock price has been in a free fall since its listing in August. After peaking at $117, it has plunged to $52, erasing billions of dollars in value as its market capitalization fell to $7.65 billion.
Why Bullish stock price has plunged
Bullish is a top crypto exchange and publisher backed by Peter Thiel. It operates the Bullish crypto exchange and Coindesk, one of the top news websites in the crypto industry.
In addition to offering a news platform, Coindesk also provides indices, which companies use to create crypto-related funds. Most importantly, Bullish is one of the top Bitcoin treasury companies as it holds 24,000 coins, currently worth over $2.68 billion.
Bullish stock price has plunged this year as investors sour on…
