Why Did Bitcoin Crash, and When Will Crypto Recover?
Bloomberg Television·2026-02-06 20:43
Bitcoin has crashed again. The largest cryptocurrency has fallen more than 50% from its record high in October, hitting around $60,000. We've been through this before.So, what's really different this time. It's really not about a big company or exchange collapsing or another bad headline. What we're seeing, traders say, is a riskoff mood hitting crypto across the board.High interest rates and tighter liquidity mean investors are pulling back from risky assets. And crypto is right at the front of that exit. ...