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

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

In a recent Twitter thread, Cumberland explained on July 5 that “​​rangebound price action belies a volatile picture below the surface.” CryptoEconomy BurdenedCryptoFirms

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

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

I wonder how much usdt things will cost later

DKSCOMEBACK 🔥

dks dksnewath is coming newlisting

dks

dks new listing

have you seen this? BITSU in the best gainers list on CoinMarketCap

Accumulating ETH with this bot so I can buy more Dogecoin 😇

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 531. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: TheBlock__ - 🏆 464. / 53 Läs mer »

Market Watch: Bitcoin Tests $20K as Crypto Markets Add $50 Billion in a DayThe crypto market cap added over $50 billion in a day as bitcoin spiked above $20,000 and ETH is up 9%.
Källa: Crypto_Potato - 🏆 568. / 51 Läs mer »

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
Källa: CoinDesk - 🏆 291. / 63 Läs mer »

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
Källa: Utoday_en - 🏆 295. / 63 Läs mer »