Investing
Crypto Crash Ruins Thanksgiving for Retail Traders Once Again
Bitcoin enthusiasts are bracing for some awkward questions this holiday season.
A television broadcasts Bitcoin news on the floor of the New York Stock Exchange on Nov. 24.
Photographer: Michael Nagle/BloombergThe $1 trillion crypto wipeout is setting the stage for some tricky conversations at Thanksgiving tables.
After a massive rally following President Donald Trump’s election, Bitcoin is currently on track for its worst month since 2022, with smaller tokens facing similar declines. For retail traders, it’s becoming something of a holiday tradition — they hype up digital assets to their relatives and friends all year, only to see massive plunges in the winter months.