Bitcoin sees bear-market skid — living up to its reputation for seismic price swings

Bitcoin prices entered bear-market territory over the weekend, typically defined as a decline from a recent peak of at least 20%.

Stop us if you’ve heard this story before.

The notoriously volatile asset, which has a record of massive downside slumps following a stratospheric run-up, touched a low of nearly 28% beneath its record high of $41,962.36 on Monday, based on CoinDesk. Bitcoin
BTCUSD,
-16.69%

technically entered a bear market on…


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