Bitcoin down 20% since May as Strategy fallout spooks investors

Bitcoin's value has dropped by 20% since May, largely due to concerns about the Strategy ETF and rising interest rates, causing unease among investors. However, Matt Hougan from Bitwise Asset Management sees this downturn as a necessary shakeout that could lead to a fresh rally. This volatility highlights the market's sensitivity to regulatory and macroeconomic factors, underscoring the need for investors to stay informed about these shifts in the crypto landscape.