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What Does Bitcoin’s Drop Mean? Depends on Who You Ask – Bloomberg.com

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Theories for its slide include hesitation around interest rates and crypto as a proxy for presidential power.
Bitcoin’s selloff in recent weeks caught the market off guard.
Bitcoin’s almost 30% drop in recent weeks has been hard to ignore. It’s also difficult to explain. Today Christopher Beam writes about some of the theories. Plus: The video game studio Yacht Club is facing an existential struggle.
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