0928 ET - Reports that bitcoin treasury firm Nakamoto Inc. sold $20 million worth of bitcoin at a 40% loss is injecting fresh fear into the cryptocurrency market, with analysts warning that it may be the beginning of a wave of firms offloading their bitcoin holdings. "Cracks are beginning to show in the digital asset treasury market," says Nic Puckrin of Coin Bureau in a note. "There is real contagion risk here." Puckrin speculates that the sentiment around bitcoin may push the coin down to below $60,000 in the coming weeks. Bitcoin has shed nearly 24% in the past 3 months, according to data from FactSet. It is up 0.4% to $66,835 this morning. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
March 31, 2026 09:28 ET (13:28 GMT)
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