East Asian crypto companies take a battering as Bitcoin price drops below $90,000 – DL News
- Bitcoin Japan share prices drop by 60% in past five days.
- Nikkei share index is down by 4.85% in the same period.
- South Korean crypto-related firms also experience a bumpy ride.
Just as Bitcoin plummeted 12% over the last week, shares in East Asian companies with ties to crypto are also feeling the heat.
Recent months have seen a slew of listed Japanese companies follow Metaplanet’s lead into the Bitcoin treasury business.
Now, bearish crypto forces are dragging their share prices down by roughly 10% over the last five days.
Japanese treasury firms bruised
So far, the carnage has been cast wide and includes Bitcoin Japan, formerly Marusho Hotta.
The firm, a 164-year-old…
