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Stock impact report

How crypto's promised year-end fireworks turned into a bloodbath [Yahoo! Finance]

Kindly MD, Inc. (NAKA) 
Company Research Source: Yahoo! Finance
asset treasuries (DATs) pitching themselves as leveraged bets on the next leg higher, and analysts dusting off charts showing the year's final three months as crypto's most reliable winning streak Add in the promise of looser monetary policy and a friendlier political backdrop in Washington, and many investors convinced themselves of bitcoin heading to fresh record prices into the end of the year. Instead, here's what happened: A $19 billion liquidation cascade in October blew a hole in liquidity, spot altcoin ETFs failed to offset selling pressure, and the new crop of treasury-heavy crypto stocks have already started morphing from structural buyers into potential forced sellers. Bitcoin is down 23% since the start of October — by itself ugly performance, but even uglier considering the continued rallies in equities and precious metals. Here's how each of the big year-end “catalysts” went from promised flywheel to grinding headwind. The frenzy of digital asset treasuries – h Show less Read more
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