Wall Street Journal: Fed options, tariffs and rules key to Bitcoin's recent plunge

Golden Financial reports that the decline and recovery of Bitcoin after the week saw a reversal in the cryptocurrency market, but affected Bitcoin mergers and acquisitions. . Traders say the recent downturn is part of the job of options trading, according to the Wall Street Journal. But, they say, the slowdown was also offset by concerns about interest rates, risks to the economy and Fed policy, which recently led to traded changes in the retail and market. other industries. From Friday night to Saturday morning, the value of Bitcoin fell more than 20%, hitting $ 42,000 at a time. Bitcoin traded around $ 50,528 on Tuesday afternoon, but still below $ 53,670 on Friday afternoon, around 27% below its November high of $ 68,990.