$BTC Crypto Selloff Deepens, Hitting Strategy and Pushing Bitcoin Price Down Toward $67,000 — WSJ
By Rebecca Feng
Bitcoin dropped Thursday, with the world's largest cryptocurrency falling roughly 8% to trade slightly above $67,000. The selloff picked up pace late in the U.S morning.
Declines in crypto prices have coincided with broader market jitters. Bitcoin has handed back all of the gains made since President Trump won the election in November 2024.
The downturn is made worse by thinning liquidity and a slowdown in institutional demand for digital assets, analysts and investors say. Hopes that the Trump administration would help bring crypto fully into mainstream finance have dimmed.
Shares of crypto treasury companies also fell Thursday. Strategy, the bitcoin-accumulation company, lost 12%. BitMine Immersion Technologies, an ether-treasury firm backed by Peter Thiel, also retreated.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
#WhenWillBTCRebound #WarshFedPolicyOutlook #EthereumLayer2Rethink?