FT Cryptofinance: Bitcoin needs a story to sell

Bitcoin prices have been steadfastly earthbound since June’s crypto credit crunch rather than going to the moon.

The world’s most actively traded digital token has been hovering at around $21,000-$24,000 in the last six weeks, a haven of relative tranquility after the rollercoaster of the last two years.

For believers, a pause was perhaps needed after a 70 per cent drop in value since November. The memory of May and June — when the collapse of the now infamous (un)stablecoin…


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