NEW YORK: Bitcoin’s rise was meteoric this week -- and its decline has been just as swift.
It’s easy come, easy go in the crypto world, where a frenzy over Bitcoin pushed its price to nearly $14,000 on Wednesday, its highest level since January 2018.
Crypto bulls were heartened this year after numerous Wall Street mainstays showed increased interest and wider acceptance of cryptocurrencies and their underlying blockchain technology, helping to push prices higher. That may have contributed to its swift demise, according to John Spallanzani, portfolio manager at Miller Value Partners.
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