Reported 2 days ago
As the excitement surrounding cryptocurrencies fades, companies that purchase and hold bitcoin are seeing significant declines in their share prices. Major players such as Michael Saylor's Strategy and Japanese firm Metaplanet have faced steep losses, with some shares falling over 60% from their recent highs. Analysts indicate that these volatile market dynamics are leading investors to panic sell, exacerbating the downturn. Overall, the crypto landscape has turned volatile, with many companies struggling to maintain their market value amidst declining investor sentiment.
Source: YAHOO