Bitcoin’s 24/7 Trading Risk Spikes While Wall Street Sleeps

Bitcoin’s months-long slide has masked a change at the heart of its 24/7 market: trading never stops, but the liquidity that steadies prices increasingly follows US market hours.

Since the October selloff, the world’s largest cryptocurrency has lost around 40% of its value. Buried in that drawdown is a pattern that reveals how deeply Wall Street has reshaped risk pricing: Weekends have become flashpoints for volatility, often without the recoveries that once followed.