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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.

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

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