Bitcoin Humbles Wall Street Faithful After $600 Billion Plunge

Bitcoin bulls have it all — Wall Street support, political tailwinds, institutional cash. Everything, that is, except a rally.

After topping $126,000 in October, Bitcoin has fallen sharply, briefly wiping out its 2025 gains before stabilizing on Monday morning in Asia. The sharp retreat from record highs comes in a year that was supposed to cement Bitcoin’s legitimacy.