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After a week-long rout that erased hundreds of billions in digital-asset value, Bitcoin has again failed to live up to its billing as a safe harbor asset. Once cast as a hedge against market turmoil — a “digital gold” for the blockchain age — the original cryptocurrency stabilized Friday morning in Singapore after sliding alongside […]
After a week-long rout that erased hundreds of billions in digital-asset value, Bitcoin has again failed to live up to its billing as a safe harbor asset.
Once cast as a hedge against market turmoil — a “digital gold” for the blockchain age — the original cryptocurrency stabilized Friday morning in Singapore after sliding alongside global equities and credit to hover near $109,000, according to data compiled by Bloomberg.
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