One of the hardest-hit companies during the Mar 12 crypto bloodbath were the highly leveraged crypto hedge funds, according to a recent post by Financial Times. Many of these firms are still struggling to recover from the wild swings experienced during the “Black Thursday” crash, two months ago despite the price of BTC rallying over
Bitcoin’s 20% drop the previous week has led to traders and analysts believing that the prices will drop below $US 5,000 before the end of the year. Was Bakkt Launch Responsible for Bitcoin Dump? The Bakkt launch which was highly anticipated led to a huge disappointment among investors, the reason being only 72 monthly contacts
The crypto market witnessed one of the steepest falls in recent years. The bloodbath has led leading cryptocurrency Bitcoin Cash(BCH) to slip to the 5th place on CoinMarketCap. It has been replaced by stablecoin Tether(USDT). Crypto Market Takes A Steep Downturn Bitcoin [BCH] Cash, Bitcoin SV, and EOS fell the most among the top ten cryptocurrencies.