Bitcoin's fizzling 2021 returns start to lag mainstream assets: Here's why

The returns from Bitcoin this year are sliding below traditional assets as cryptocurrencies struggle to claw back ground lost in a rout in May.
 

The largest token tumbled almost 6% at one point in Asian trading Tuesday and was at a two-week low of about $33,000 as of 1:07 p.m. in Hong Kong. The wider Bloomberg Galaxy Crypto Index fell as much as 10%.
 

Bitcoin is still up 14% this year but that trails commodities as well as some European and Asian share gauges. The proximal cause of Tuesday’s weakness was unclear -- one theory was that the recovery of