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?
This kind of news comes only when the market goes into recession. Bitcoin is not really controlled by one or two organizations or projects. Celsius could freeze everything or ruin its position in the market. But Bitcoin will run at its own pace. Actually Blue Whale and Institutional investors are waiting for the position of reduction or dip where some are worried about about reducing the price. Finally, I will say one thing, where your end, some one will start. Once the bearish market is crossed, the situation of Bitcoin will be more dynamic than before.