Some Long Island crypto proponents said the recent declines are a temporary setback for a market that is primed to become widely adopted.

The cryptocurrency rallied on Thursday, mirroring a broader upswing in financial markets following the US president's major policy shift.

It’s too early to call bitcoin a safe haven, but it has managed to rise in the face of the worst stock-market rout in five years. Investors may be wondering if the correlation between bitcoin and tech stocks,