Bitcoin Extends Slide, Has Fallen More Than 50% From Record High

Bitcoin, the largest digital asset, extended its decline Saturday, and has now shed more than 50% from its record high in November. Bitcoin's decline since hitting the record has wiped out more than $600 billion in market value, and over $1 trillion has been lost from the aggregate crypto market. While there have been much larger percentage drawdowns for both Bitcoin and the aggregate market, this marks the second-largest ever decline in dollar terms for both, according to Bespoke Investment Gro...