HedgeHound
Published in

HedgeHound

05212021 :: Friday finance

A partial digest

The crypto market imploded, then imploded again in spectacular fashion. At one point, more than $1 trillion market cap had vaporized. The hits just kept on coming. If buying the dips, extreme caution is advised.

The space is facing multiple headwinds, including the investigation of the Binance exchange (one of the largest); what the IRS and Treasury want; concerns with the Tether stablecoin’s reserves; China’s unforgiving stance on crypto; good old-fashioned forced liquidations of highly leveraged positions; and Elon Musk’s market…

--

--

--

Hedge…everything.

Recommended from Medium

NFT History and Landscape

NFT history and Landscape — Theos.fi

每日JustSwap白名单项目公告(2020.10.11)

Seedround Sale Instructions

Weekly Update 10/26

The 5 Technical Indicators for Trading Cryptocurrencies

Small Banking Should offer CryptoCurrency Exchange

Cryptocurrency — Bitcoin, Ethereum, Ripple, Litecoin — Everything You Need to Know in 2017

Crypto Analysis of 27th May: LTC: Long on pullback

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Philip Valenta, MSF

Philip Valenta, MSF

Intersectionist :: https://philipvalenta.com

More from Medium

Meet Founder Octavia Cohen

EquityMultiple Growth Update — Q1, ’22

Regenerative Animal Farming

The Money Changers Discover Banking.