Naz
Active member
The most famous cryptocurrency last week dropped below 20 thousand dollars, climbing another step in the unstoppable fall that began in early November last year, when it had reached its historic peak of 67 thousand dollars. And the fall of Bitcoin drags the entire industry with it, including the younger sisters and specialized cryptocurrency funds. The price of Ethereum - the second in the class, as well as the preferred gateway to the blockchain world - also went to test the dangerous $ 1,000 threshold.
Investors, already burned by the recent collapse of the Terra Luna ecosystem and the suspension of withdrawals announced a few days ago by the Celsius deposit platform, fear at this point a domino effect with hedge funds as protagonists of the last hour. The difficulties of the Three Arrows capital fund (3ac), admitted by its founder Zhu Su, immediately reverberated on the prices of crypto-assets, which in the last few hours saw their capitalization drop to 900 billion, a further -10% after losing at the beginning of the week the psychological threshold of 1,000 billion.
Investors, already burned by the recent collapse of the Terra Luna ecosystem and the suspension of withdrawals announced a few days ago by the Celsius deposit platform, fear at this point a domino effect with hedge funds as protagonists of the last hour. The difficulties of the Three Arrows capital fund (3ac), admitted by its founder Zhu Su, immediately reverberated on the prices of crypto-assets, which in the last few hours saw their capitalization drop to 900 billion, a further -10% after losing at the beginning of the week the psychological threshold of 1,000 billion.
