# For the long haul? When Bitcoin nosedived, institutions held fast
“# For the long haul? When Bitcoin nosedived, institutions held fast ” Mid-May’s price plunge was one of crypto’s wildest pullbacks in recent years, a tumble that eliminated nearly $1 trillion from crypto’s market value. The industry had soared to new heights a month earlier, with Bitcoin (BTC) reaching almost $64,000, driven in good part…