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0.000656455142231972 0.00437636761487971 0.00306345733041577 0.00131291028446394 -0.00459518599562365 -0.0103719912472649 -0.0105032822757112 -0.0126870897155361
Stock impact report

Bitcoin got stuck after slumping 30% from its peak. Here's why. [Yahoo! Finance]

Galaxy Digital Inc. - Class A common stock (GLXY) 
Company Research Source: Yahoo! Finance
Historic it was. Just not the way anyone thought. It's true that bitcoin punched to an all-time high earlier than most models projected, rising to over $126,200 on Oct. 6 . But then, four days later, came a flash crash that sent the market reeling, exposing just how fragile and unpredictable trading digital assets can be. Since then, bitcoin's fallen 30% from the October record, and more than 50% below most 2025 forecasts. Far from shooting up, it dropped 6% this year, and spent most of the past two months stuck between $83,000 and $96,000, according to TradingView prices. October's crash caught traders off guard and wiped out months of leveraged bullishness in minutes. But it wasn't a breakdown, according to Mati Greenspan, the founder of Quantum Economics, it was a rebalancing and a sign of the cryptocurrency's growing acceptance by institutions. Bitcoin was re-priced as a risk asset, not a revolution. “The October 10 flash crash wasn't a failure of bitcoin," Greenspan sa Show less Read more
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