The precarious cryptocurrency market has been made worse by cryptocurrency lender Celsius' June declaration that it is banning withdrawals owing to "extreme market conditions." Following the market meltdown, crypto hedge fund Three Arrows Capital might possibly be insolvent. Three Arrows Capital has entered liquidation, worsening the crisis gripping the whole world's market for digital assets. Three Arrows was is also considering alternatives including the sale of assets or a firm's rescue.
https://news.sky.com/story/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation-12642402With the continuous downslide of the Bitcoin and the crypto market at large, is it too soon to say that we might likely be witnessing the end of it all?
What is the significance with this cryptocurrency lender to bitcoin? I guess the only reason why bitcoin is heading to a more price decline is that we are currently facing a bearish market, and until the market stays like this, we can never witness for bitcoin and other crypto prices surging. Not that crypto is heading to its end, but it could also mean there will be a great start for bitcoin and the whole market after all of these price declines.