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.