Bitcoin prices likely to continue wild ride [USA TODAY]
Morgan Stanley (MS)
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Source: USA TODAY
(Photo: Getty Images) 50 CONNECT TWEET 27 LINKEDIN COMMENT EMAIL MORE SAN FRANCISCO — What goes precipitously up, often comes crashing down to earth. So it was with bitcoin on Thursday, when the price of the digital currency plunged 19% — its steepest drop in more than two years — after a record run. The volatility remained on full display late Thursday and, as of Friday evening, bitcoin rebounded to $2,484.59. The cryptocurrency, which flirted with $3,000 on Monday, sunk as low as $2,076.16 in intraday trading early Thursday amid a confluence of bad omens. Tech stocks have recently taken a thumping over concerns about their lofty valuations. Ominous reports from Goldman Sachs and Morgan Stanley suggested bitcoin was due for a reversal in price and required government regulation. The Federal Reserve hiked interest rates Wednesday. Compounding wor
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MS
Earnings
- 4/16/24 - Beat
MS
Sec Filings
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- MS's page on the SEC website