Bitcoin’s Plunge to $40,000: A Statistical Farce or Financial Tragedy?

Bitcoin’s recent ascent-a modest 15% this month-has failed to persuade the more cynical observers that the grande dame of cryptocurrencies has emerged from the bear market she so dramatically entered in October. After all, she remains a full 40% below her zenith, a fall from grace that would make even the most jaded socialite blush.


