Crypto Stocks Plummet as Bitcoin Falls Below $90,000
Crypto stocks sank across the board Tuesday as bitcoin (BTC-USD) dropped below $90,000 for the first time since November. Crypto heavyweights Strategy (MSTR) and Coinbase (COIN) led the declines. The cryptocurrency is down nearly 15% over the past month, reversing direction after a massive rally following the election of US President Donald Trump.
- This week's selloff in crypto stocks highlights the vulnerability of assets tied to speculative cryptocurrencies, which can be heavily influenced by broader market sentiment and macroeconomic factors.
- What steps will policymakers take to address concerns about inflation and price volatility in the cryptocurrency space, and how might these measures impact investor confidence?