Business & Finance
Bitcoin’s Retreating Retail Army Exposes Fresh Market Fragility
Key Points
Bitcoin’s Retreating Retail Army Exposes Fresh Market Fragility Bitcoin spent years trying to shed its reputation as a playground for speculative retail traders. Its latest selloff is exposing the tradeoff: Wall Street brought scale and legitimacy, but the retail buyers who once helped absorb sharp declines have largely vanished. The original cryptocurrency touched a two-week low on Tuesday, and is trading little changed at around $62,800.
Bitcoin’s Retreating Retail Army Exposes Fresh Market Fragility
Bitcoin spent years trying to shed its reputation as a playground for speculative retail traders. Its latest selloff is exposing the tradeoff: Wall Street brought scale and legitimacy, but the retail buyers who once helped absorb sharp declines have largely vanished.
The original cryptocurrency touched a two-week low on Tuesday, and is trading little changed at around $62,800. That’s down about 50% from an all-time high reached in October.