Deep Tide TechFlow News, February 6th, according to Bloomberg, publicly traded companies holding crypto assets (DATs) that boosted the market last year are now facing chain reaction risks triggered by increased selling pressure. Data shows that since Bitcoin’s peak of $126,000 in October last year, nearly halved, the median stock price of the 150 largest DATs has fallen by 62%, with declines even surpassing Bitcoin.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bloomberg: Cryptocurrency Hoarding Companies May Become a New Market Risk
Deep Tide TechFlow News, February 6th, according to Bloomberg, publicly traded companies holding crypto assets (DATs) that boosted the market last year are now facing chain reaction risks triggered by increased selling pressure. Data shows that since Bitcoin’s peak of $126,000 in October last year, nearly halved, the median stock price of the 150 largest DATs has fallen by 62%, with declines even surpassing Bitcoin.