Friday, July 19 — Cryptocurrency markets are reporting mixed signals, with most of the top-20 coins by market capitalization are down over the last 24 hours.
Market visualization. Source: Coin360
Bitcoin (BTC) has stayed above the $10,000 threshold during the day and is trading at around $10,412 at press time. The leading cryptocurrency has lost 2.14% on the day, while its weekly losses amount to nearly 10%.
As reported earlier today, U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, told fellow lawmakers directly that attempts to stop Bitcoin are futile. “The world that Satoshi Nakamoto, author of [...]
Pantera Capital, a hedge fund that gained attention for returning 25,000 percent over its lifetime through the end of last year, saw the value of its cryptocurrency fund cut nearly in half in March, according to an investor letter Tuesday.
“This was a really rough month for the Digital Asset Fund and the space in general,” Joey Krug, co-chief investment officer of Pantera Capital, wrote in a letter to clients Friday reviewed by CNBC. “We’re in a market with around 100 percent annualized volatility and this month was the worst month in our model’s 27-month history.”
The hedge fund highlighted that since Dec. 1, its Digital Asset Fund [...]