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Bitcoin Plunge Sends Treasury Firms' Stocks Tumbling
As the prices of virtual currencies such as Bitcoin have recently plummeted, the stock prices of treasury companies that base their finances on Bitcoin and others have also shown a downward trend. However, some observers note that the newly appointed U.S. Federal Reserve (Fed) Chair may exhibit a pro-virtual currency stance, raising the possibility of a rebound in these companies' stock prices in the future. Since the beginning of the year, Bitcoin has fallen approximately 12.8%, and Ethereum has declined about 24.8%, with virtual currencies overall performing poorly. As of 8:30 a.m. on the 2nd, Bitcoin is trading ... (full story)
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