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Stock impact report

What Will the Slowing Growth of Bitcoin, Ethereum Treasury Buys Mean for Markets? [Yahoo! Finance]

Solana Company - Class A (HSDT) 
Company Research Source: Yahoo! Finance
Now their slowing growth has played a large role in sapping prices already sensitive to inflation and other macroeconomic uncertainties. The treasuries' waning activity could continue to weigh on markets with volatility likely to remain heightened in the near-term, three market observers told Decrypt. "When treasuries stop buying, it removes an important demand floor and undermines confidence in the balance-sheet-as-strategy narrative," Joe DiPasquale, CEO of crypto fund manager BitBull Capital, wrote in a text to Decrypt . "At the same time, forced liquidations in derivatives and broader risk-off sentiment have accelerated the decline, creating a feedback loop that pressures both crypto assets and the equities tied to them." Bitcoin was recently trading at about $109,400, off more than 5% over the past week, according to crypto markets data provider CoinGecko. At one point Friday, the largest cryptocurrency by market value dropped below $109,000 for the first time since Septemb Show less Read more
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