Franklin Bitcoin ETF

EZBC

Market cap $563M

No investment is immune to sharp, painful downturns.

Digital asset investors finally got some good news on Tuesday, after a rough couple of days.

The Metaplanet share price has been in a strong downward trajectory this year, and is now hovering at the lowest point since May this year. It has plunged by over 70% from its highest point this year, erasing billions of dollars in value.

When investors are fretting about trade, they tend to dump digital tokens and pile into safer assets like gold.

There's been a growing sense of optimism around Bitcoin (BTC -3.26%) this year. The lead cryptocurrency set a string of new highs as confidence grew and institutional investment poured in.

Bitcoin has raced to another all-time high. As of midday October 6, the largest cryptocurrency by market value held above $125,700.

Bitcoin, crypto prices rebound as President Trump eases on latest China tariff threat. Cryptos saw $19 billion liquidated amid selloff.

Bitcoin (BTC 2.31%) recently hit a new all-time high above $125,000, so it's perhaps no surprise that a growing number of crypto investors now think that Bitcoin could eventually hit a price of $1 million. For example, Coinbase Global CEO Brian Armstrong recently predicted that Bitcoin could hit the million-dollar mark within just a few years.

President Donald Trump's tariff threats sparked a brutal crypto selloff last week.

Bernstein says bitcoin miners have a key competitive advantage for the AI boom. The firm named Iren a top pick, miners surge.