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Why Is Bitcoin Crashing? The Stock Market Has the Answer

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The Street

By M. Corey Goldman Bitcoin is down another 8% amid a broader selloff that has seen the digital token shed a quarter of its value in January alone. The stock market knows why. Why is bitcoin crashing? It’s much older and more established cousin, the stock market, has the answer. Bitcoin, ether and the broader crypto market faced another wave of selling Monday, with the world’s most-traded digital currency down another 8% amid a selloff that has seen the digital token shed about a quarter of its value in January alone. Bitcoin fell to $33,070, its lowest level since July 24, marking a 25% plung…

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