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CRYPTO TREASURIES LOSE BILLIONS: THE FALL OF BITCOIN AND ETHEREUM HAS CRASHED THE DIGITAL ASSET MARKET
2025-11-08 01:36FINANCE
The past few weeks have been challenging for the crypto market: the sharp decline in the value of digital assets has hit not only giants like Bitcoin and Ethereum but also companies that bet on holding cryptocurrencies in their reserves. Analysts at CryptoQuant, who specialize in analyzing blockchain data, note that such a strategy can be quite risky — the example of the XRP-focused company Evernorth makes this particularly evident. Just a few weeks after purchasing XRP, its unrealized losses reached 78 million dollars.