RATE Group | Is The Crypto Market Bottom In? This News Headline Suggests It’s Near
83665
post-template-default,single,single-post,postid-83665,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Is The Crypto Market Bottom In? This News Headline Suggests It’s Near

21 Mar Is The Crypto Market Bottom In? This News Headline Suggests It’s Near

Posted at 03:17h in Bitcoin News by

[ad_1]

No one was spared in last week’s crypto crash, during which Bitcoin fell 50% within a 24-hour time period.

According to an exclusive report published by industry outlet The Block on Friday, Adaptive Capital, a crypto fund headed by Murad Mahmudov and included partners such as Willy Woo and David Puell, is shutting down after last week’s intense volatility.

The outlet reviewed a note from the firm in which Adaptive revealed it would be “clos[ing] operations and return[ing] the remaining funds to investors,” revealing that the “infrastructural insufficiencies” on some exchanges didn’t allow them to execute Bitcoin trades correctly amid the breakdown:

“A number of respectable exchanges, platforms, and tools that we use daily have halted their operations during the selloff significantly hindering our ability to act accordingly.”

Although unfortunate, a trend in the space whereas low BTC prices result in a decrease in revenues and clients (reflexivity) for industry…

[ad_2]

Source link

Tags:
, , , , ,