Crypto
Bitcoin drawdown shrinks as Wall Street sees it as portfolio asset
Bitcoin has cut its peak-to-trough decline to about 50 percent in the current cycle, easing its long-held image as a crash-prone asset, analysts said. Past cycles saw repeated drops of 80 to 90 percent from highs. Commentators cite deeper liquidity and rising institutional participation, with some investors looking at 1 to 3 percent portfolio allocations. Others warn of a possible return toward $10,000 and broader risk-asset corrections.
