Bitcoin Dropped Nearly 30% This Week. But Why?

Last Sunday, Bitcoin had dropped 13% in three days, to $76,790. By Thursday it had dropped another 21%, to $60,062. This morning it's at $69,549 - up from Thursday, down from Sunday, but 44% lower than its all-time high in October of $123,742. In short, Bitcoin "is down almost 30% this week alone," reports CNBC: "This steady selling in our view signals that traditional investors are losing interest, and overall pessimism about crypto is growing," Deutsche Bank analyst Marion ...