← Scoopfeeds — Intelligent news, curated.
Bitcoin’s Inflation-Hedging Promise in Tatters After 36% Plunge
business

Bitcoin’s Inflation-Hedging Promise in Tatters After 36% Plunge

Bloomberg Markets · Jun 2, 2026, 4:09 PM · Also reported by 1 other source

Bitcoin has fallen 36% over the past year and slipped below $70,000 this week, extending a retreat that is undermining several of the arguments that helped carry the cryptocurrency into the financial mainstream.

Read full story on Bloomberg Markets → More top stories

Also covered by

CoinDesk Live markets: bitcoin's plunge continues, putting February $60,000 low back in play

More in business

Bloomberg Markets
True Space Age Is Starting Now, Says Impulse Space CEO
Bloomberg Markets
Canadian Stocks Index Hits 35,000 Amid Rally in Energy
Forbes
The U.S. Navy Spent $80 Million To Repair Submarine Nearing Retirement
Investing.com
Nativo Resources schedules AGM, seeks share allotment authority
Investing.com
AT&T stock hits 52-week low at $20.86
Aggregated and edited by the Scoop newsroom. We surface news from Bloomberg Markets alongside other reporting so you can compare coverage in one place. Editorial policy · Corrections · About Scoop