PANews reported on October 14th that Bloomberg reported that the market capitalization of Metaplanet Inc., a Japanese listed company, has fallen below the value of its Bitcoin reserves. Data shows that its stock price hit a record high in mid-June but has since plummeted approximately 70%, causing the company's market capitalization and debt to token holdings (mNAV) ratio to fall to 0.99 on Tuesday. Japanese stock analyst Mark Chadwick stated, "I still believe the decline in digital asset reserve stocks is a sign of a bubble bursting. The plunge suggests that the widespread enthusiasm surrounding Bitcoin hoarding has cooled, but long-term Bitcoin bulls may see Metaplanet's discounted price as a buying opportunity." Metaplanet's website shows that the company currently holds over 30,000 Bitcoins, valued at approximately $3.4 billion.PANews reported on October 14th that Bloomberg reported that the market capitalization of Metaplanet Inc., a Japanese listed company, has fallen below the value of its Bitcoin reserves. Data shows that its stock price hit a record high in mid-June but has since plummeted approximately 70%, causing the company's market capitalization and debt to token holdings (mNAV) ratio to fall to 0.99 on Tuesday. Japanese stock analyst Mark Chadwick stated, "I still believe the decline in digital asset reserve stocks is a sign of a bubble bursting. The plunge suggests that the widespread enthusiasm surrounding Bitcoin hoarding has cooled, but long-term Bitcoin bulls may see Metaplanet's discounted price as a buying opportunity." Metaplanet's website shows that the company currently holds over 30,000 Bitcoins, valued at approximately $3.4 billion.

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more