Bitcoin seems to stabilize
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Shares of Strategy ($MSTR) plunged today, dipping more than 8% as Bitcoin traded at new one-year lows. Shares of Strategy plunged today, dipping more than 8% in trading as Bitcoin traded at new one-year lows and crypto risk assets came under renewed pressure.
1don MSN
Why Bitcoin is in a bear market: Analyst points to 3 factors after currency swoons below $75,000
The original cryptocurrency recovered slightly on Monday.
The price of bitcoin fell about 10% over the past week.
Bitcoin's very modest bounce from the weekend lows appears to be failing, the price falling back to just above $77,000. Gold and silver, meanwhile, have renewed their bull runs, with gold close to reclaiming the $ 5,000-per-ounce level.
It's reasonable to say that this coin isn't behaving like a safe harbor asset right now.
Bitcoin fell more than 7% on Saturday.
Major declines in artificial-intelligence-linked stocks, software names and private equity are leading U.S. indices lower.