Ethereum News Update
As Ethereum prices trended lower on Wednesday morning, my attention was drawn to a Bloomberg report claiming that cryptocurrency hedge funds are facing a “reckoning” in 2018.
Are they really?
The article says that nine hedge funds have already exited the market, while the rest are sustaining heavy losses. And according to an industry tracker, surviving funds have lost 23% of their total portfolios. (Source: “The Crypto Hedge-Fund Bubble Is Starting to Deflate,” Bloomberg, April 2, 2018.)
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Written by Gaurav S. Iyer, IFC @ https://www.profitconfidential.com/cryptocurrency/ethereum/eth-price-forecast-bloombergs-report-adds-fud-crypto-prices/ April 5, 2018 Gaurav S. Iyer, IFC