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Markets

Nasdaq Composite Saw One of Its Worst Days Since 2000 While Bitcoin Held Steady

Despite steep declines in U.S. equities, bitcoin shows surprising strength, holding above key technical levels.

BTC: Daily Price Performance (Glassnode)

Videos

Bitcoin's Latest Pullback Ranks 6th in Its Worst Drawdowns

Bitcoin is recovering from Monday's low of about $33,000, which represented a severing of more than half of its November all-time high value of $69,000. The 52% decline from the peak thus far ranks sixth in bitcoin's history of worst drawdowns, but this retreat could continue to grow larger, according to data from NYDIG. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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