The stocks that rode bitcoin's rise higher are now
plunging as the digital currency falters.
The bitcoin - mania stocks that rode the cryptocurrency's stunning rise higher are now
plunging as the digital currency falters.
Not exact matches
The
digital currency's price
plunged, falling
as much
as 18 percent in trading immediately after the decision before rebounding slightly.
It may just be a coincidence that Bitcoin's
plunge preceded the latest equities selloff, but Morgan Stanley clients are watching the
digital currency as a potential leading indicator for risk in the broader stock market.
However, online interest is another trend
plunging as well within the
digital currency realm
as Google Trends searches for the word «bitcoin» have descended to levels not seen since October of 2017.