Report: Bitcoin may further decline as investors flee risky assets.

Susannah Streeter of Wealth Club stated in a report that the value of Bitcoin has dropped nearly half from last year's peak, but with investors continuing to flee risk assets, Bitcoin may have further downside potential. Data from the London Stock Exchange Group shows that the price of Bitcoin has fallen 47% from the record high of $126,223 set in October. Streeter said, "Given that the cryptocurrency has dropped as much as 75% in past crashes, there are concerns that it may still fall further." She noted that Bitcoin's reliability or stability traits are hardly commendable, and these are exactly what the current market needs. Bitcoin rose 1.6% to $66,853; the cryptocurrency has only slightly rebounded after hitting a 16-month low of $60,008 last Friday.