Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Hedge Fund
Ray Dalio: There Will Be A Blockchain Revolution
The world’s most significant hedge fund founder wasn’t always keen on crypto, but he now believes it has earned its keep. Ray Dalio recently told Market Watch that a blockchain revolution would happen, given everything Bitcoin has survived already. This was part of a broader conversation about the perilous state of inflation and the Federal Reserve’s lack of solutions. Bitcoin Is The New Gold Dalio touched on crypto Thursday while covering its evolution into a “political statement” against irresponsible monetary…
3 years ago
Hedge Fund Trading 50 Digital Assets Makes 76% Returns in 2021
According to reliable sources, California-based Cambrian asset management reaped about a 76% profit from virtual assets from the start of 2021 through August. The $200M financial entity trades around 50 digital assets with leverage against the assets’ volatile nature. The hedge fund started treading the digital-asset fund landscape about three years ago. Over the years, it garnered specialists from big firms like Winton Capital. The firm projects to widen its scope enough to serve more crypto enthusiasts. Additional Investment Assets for Investors In…
4 years ago
6% of BTC in Circulation Scooped by Asset Managers and Companies, Analysis Show
As recently recorded, Asset Managers and financial institutions currently hold approximately 6% of the total supply of BTC. As analysts speculate, 21M BTC will circle the finance world by 2140. 18M are presently in circulation. On May 22, 2010, slightly over a year after bitcoin had been coded into existence, Florida man Lazslo Hanyecz officially became the first person to use the digital currency in a commercial transaction. Hanyecz paid for a couple of pizzas worth about $30, with 10,000…
4 years ago
What You Need to Know Before Investing in Crypto Hedge Funds
Hedge funds are not subject to particular federal rules that protect your average investor. They are also known for the high risks associated with them. Add that to the inherently volatile nature of cryptocurrency, and you have a more enormous gamble in your hands than any other type of investment. That said, crypto hedge funds have increased in popularity over the years, garnering a steady stream of interest from investors. The crypto hedge fund trend is also growing stronger as…
5 years ago