First Mover Americas: BTC Dips as 3AC Liquidation is Ordered by BVI Court

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First Mover Americas: BTC Dips as 3AC Liquidation is Ordered by BVI Court
Bitcoin (BTC) has dipped below $20,000 as the news of the liquidation of crypto hedge fund Three Arrows Capital (3AC) has been ordered in a court in the British Virgin Islands.


With uncertainty in the market rife right now, Jason Deane, analyst at Quantum Economics, said the slightest negative revelation is heavily amplified in such a dire economic backdrop where people consider crypto assets as risk-on trades.

Coupled with exchanges under pressure and DeFi platforms being stress-tested to a degree only imagined by those who built them in the 'good' times, that uncertainty is not unfounded, added Deane.

 Bitcoin (BTC),British Virgin Islands, Quantum Economics, Crypto Assets, 3AC, Cryptocurrency, DeFi, Crypto Hedge

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