Bitcoin and the wider crypto market are nursing sharp losses for the month so far even as global stocks push back toward record highs after shaking off a growth scare over the US economy.
The largest digital asset has fallen about 10% in August, lagging a gain of almost 1% in MSCI Inc.’s world share index as well as a jump in gold to all-time highs. A Bloomberg global bond gauge has added nearly 2% over the same period.
