Bitcoin’s Digital Gilded Years Are a Way Off Yet

In this edition of the Bloomberg Crypto newsletter, Emily Nicolle ponders whether Bitcoin’s gilded age has tarnished too early.

The stage was set for an epic crypto summer: Bitcoin was trading near a record high, ETFs took digital assets mainstream and Donald Trump promised a pro-crypto White House. That vibe got cut short this week when traders received a stark reminder of what the most-important driver prices is: Investor sentiment and positioning in traditional markets.