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Digital currency stocks shed $62 billion
Shares of digital asset companies suffered losses totaling approximately $62 billion due to structural pressures, with the market value of Bitcoin companies' stocks dropping to around $72 billion, down from their peak of $134 billion last October. Bitcoin's price retreated to about $62,000, its lowest level in four months, following the announcement by Strategy Inc. of its sale of Bitcoin holdings, which sparked concerns about the sustainability of digital asset holding strategies. Companies such as Nakamoto, Metal Ane, and others faced setbacks, including reverse splits, restructuring, and increased market volatility.
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