$BTC Bitcoin Investors Search for Stability After Tough Week — WSJ
By WSJ Staff
Bitcoin was trading around $70,700 early Monday, modestly up from Friday's close of slightly over $70,000.
The cryptocurrency suffered its largest weekly decline in more than three years. Permabulls are still searching for answers about what exactly caused the crash. Some leading theories:
Other markets from gold to meme stocks and AI are stealing crypto's thunder.New ETFs and derivatives have dented bitcoin's appeal as a scarce asset.Trump's pick as Federal Reserve chair, Kevin Warsh, might not be all that great for crypto.New crypto legislation has recently stalled.
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