Reported about 24 hours ago
The cryptocurrency sector is facing significant challenges as a downturn in tech stock prices leads to a plunge in stock premiums for digital-asset treasury firms. High-profile figures in crypto, like David Bailey and Michael Saylor, are experiencing losses as Bitcoin dips below $100,000 for the first time since June. An oversupply of treasury firms and decreased interest from retail and institutional investors are contributing to the crisis, prompting many firms to sell their token holdings at a loss. Despite these struggles, some investors still hold hope for a market recovery.
Source: YAHOO