Are Bitcoin Trades Behind the Market Swoon? — WSJ
By Gunjan BanerjiSome traders scrambling to pinpoint the cause of the Thursday market selloff have pointed to bitcoin bets.The cryptocurrency's price started falling midday Thursday. Stocks soon followed.Many traders have amped up bullish bitcoin trades with leverage, borrowing money to turbocharge their returns. When bitcoin prices fall, that means traders can be on the hook for big losses, potentially leading them to dump other holdings such as stocks.Read more about crypto leverage here:This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).