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Bitcoin Investors Begin to Ponder What’s Next After ETF Mania Cools
As the second-quarter draws to a close, crypto investors are left wondering what’s next for Bitcoin after it retreated from the all-time highs registered during the height of the mania over exchange-traded funds. The original cryptocurrency is down about 13% since March, a sharp contrast from the 67% and 57% surges seen, respectively, in the previous two quarters. Bitcoin, which reached a record $73,798 on March 14, is closing the quarter at around $61,000. The downturn has raised the question of whether cracks in momentum trades such as Bitcoin point to a tougher outlook for risk appetite as the prospect of ... (full story)