Bitcoin Humbles Wall Street Faithful After $600 Billion Plunge [View all]

(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.

Wall Street has shown up, exchange-traded funds are bringing crypto into mainstream portfolios and the Trump administration has fully embraced crypto.

Yet the market has retreated — fast, hard and with no clear trigger. Bitcoin’s total market value has plunged by about $600 billion from an October high, according to data compiled by Bloomberg. In crypto, volatility is expected. What’s different this time is how quickly conviction has evaporated, and how few explanations hold up.

https://finance.yahoo.com/news/bitcoin-humbles-wall-street-faithful-045341057.html

Guess I better check my portfolio and see if any of my ETFs are carrying Bitcoin without my knowledge.