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3AC Insolvency Rumours Cause Further Crypto Market Jitters
Bitcoin Reading Time: 2 minutes Rumours over the solvency of 3AC has caused crypto market jitters 3AC has failed to quell the waters over its purported $1 billion loan default A 0.75% U.S. interest rate hike has also played a part on Bitcoin dropping to yesterday’s lows Rumours about the solvency of crypto hedge fund Three Arrows Capital (3AC) has caused more jitters in the cryptocurrency market, with fears that the ripple effect could be temporarily devastating for asset prices. The Singapore-based hedge fund has refused to comment on speculation that it is massively underwater following claims that it has […]