Cumberland Says Financially Burdened Crypto Firms Are 'Hanging Over the Market Like a Cloud' – Bitcoin News

that discusses the recent financial hardships spreading across crypto companies. Cumberland noted that while markets are quiet, things could get volatile again due to burdened crypto companies “halting withdrawals, reducing headcount, and hiring restructuring firms.” Cumberland added:

The assets of these companies will, at some point, need to be liquidated in order to partially offset their outstanding liabilities. Uncertainty around the size and timing of these asset sales is hanging over the market like a cloud. Cumberland: ‘Excessively Levered Finance Companies Have Been Punished in Bear Markets for Hundreds of Years’

In 2022, thousands of crypto employees have been let go from a slew of well known crypto-asset and blockchain companies. Firms that have

I wonder how much usdt things will cost later

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Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Cumberland: Potential crypto liquidations are 'hanging over the market like a cloud'Chicago-based crypto trading firm Cumberland said that potential liquidations of crypto assets are keeping prices down. Bullish 🚀 nuke dem all Timccopeland When you have FUD overdoses everyday... It's kinda boring
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Market Wrap: BTC Settles at $20K as Voyager Files for BankruptcyMARKET WRAP: Bitcoin settles at $20K as crypto lender Voyager files for bankruptcy. JimmyHe32 reports. JimmyHe32 I see so many times this news in here. Btw why the market not dump yet? JimmyHe32 BabyDogeCoin
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Mike McGlone Thinks Next Six Months Will Turn Out Better for Crypto Market.mikemcglone11 gives quite optimistic forecast on crypto market for the 2H of 2022 btc $btc crypto shib
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