Payment Company Square Cooling Down After Bitcoin-Fueled Highs

Payment Company Square Cooling Down After Bitcoin-Fueled Highs

When payment company Square (SQ) announced plans for Bitcoin implementation in November, their stock price surged to an all-time high of $49.56. Bitcoin has fallen over 50 percent since then and Square’s stock dropped back into the $30 range in December.  Subsequently, Square took another run toward $50 after the introduction of Bitcoin buying and selling capabilities on their Cash App, but $SQ shows signs of cooling off again ($42.11 at close of day).

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