Why Shares of Grayscale Bitcoin Trust Plunged 13.3% Today

As a Bitcoin (CRYPTO: BTC) investment vehicle, Grayscale's decline was entirely due to Bitcoin's loss in value the previous day. Bitcoin hit a high of $ 58,206.65 yesterday afternoon, only to see its value plummet to $ 47,780.75 in early trading on Monday, according to Coin Desk. Bitcoin has been extremely volatile for the past six months, but its value has also increased during this time.
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