📈 Stock Market 15h ago · Austin Smith

Bitcoin’s Friday Plunge Below 60K Turned a 4 Percent Crypto Drop Into an 11 Percent Wipeout for WGMI Holders

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The post Bitcoin’s Friday Plunge Below 60K Turned a 4 Percent Crypto Drop Into an 11 Percent Wipeout for WGMI Holders appeared first on 24/7 Wall St..
If you owned CoinShares Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) into Friday’s close, you watched it open at $69.36 and finish the day at $61.59, a 11.2% drop in a single session. The proximate cause is easy to name. Bitcoin printed a daily low of $59,073, breaking the $60,786 level that, until Friday, had marked the post-election flo

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