Retail dip-buyers, whose willingness to stand firm amid turmoil has helped power the S&P 500 to a 21% gain in 2021, are nursing some of their worst wounds of the year as losses pile up in speculative corners.
All told, crypto investors have some US$250bil less to play with in their accounts than they did when stocks starting sliding Nov 26. The decline brought it down to around US$42,290 at one point, well below its record high of near US$69,000 just a few weeks ago. “Bitcoin is seen as a key risk-on and risk-off asset, so if it stays down – and especially if it continues to fall – it will be a big red warning flag for other risk assets next week,” Maley said.
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bitcoin chart Month on Month. Ok boomer.
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