Why Bitcoin Investment Trust Stock Plunged on Wednesday

What’s happening? Shares of Bitcoin Investment Trust (NASDAQOTH:GBTC) are down by about 10% as of 2:45 p.m. EST on Wednesday as bitcoin (BTC-USD) plunged to fresh lows for the year. At a recent price of $5,452, bitcoin is trading just above its year-to-date low of $5,363 set earlier in the trading day at Coinbase. So […]

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Bitcoin plummets under $6000 to a new low for the year after months of stability

Bitcoin’s moment of relative stability ended abruptly Wednesday. The world’s largest cryptocurrency hit its lowest level of the year, falling as much as 9 percent to a low of $5,390.12, according to data from CoinDesk. Bitcoin had been trading comfortably around the $6,400 range for the majority of the fall, a stark contrast from the […]

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