RBC BlueBay Asset Management
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Bitcoin's star fades, as investors flock to lustre of AI and megacap IPOs
Bitcoin's star fades, as investors flock to lustre of AI and megacap IPOs LONDON, June 5 : Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new listings such as SpaceX lure away capital from the world's largest cryptocurrency. Its price has tumbled around 15 per cent this week, the most since November 2022, when trading platform FTX imploded. At around $63,000, bitcoin has lost a third in...