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Monday, June 23, 2025

First Mover Asia: How Inaccurate Data Misled Investors to See Massive Outflows From This Crypto Exchange; BTC Holds Steady Over $20K - CoinDesk

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The largest cryptocurrency by market capitalization was recently trading at about $20,600, up better than a percentage point. Bitcoin had plunged below the psychologically important barrier last week before a late weekend rally. Many analysts have adopted a clear-eyed view of the current crypto climate that has suffered the dual body blows of protocol fiascos and macroeconomic uncertainty. They do not see prices rising any time soon, barring an unexpected turn for the better in the ongoing battle with inflation.
"You're seeing carnage out there," said David Nage, portfolio manager for asset management firm Arca, on CoinDesk TV's "First Mover" program. "You're seeing Celsius. You're seeing Voyager. You're seeing BlockFi. You're seeing a...



Read Full Story: https://www.coindesk.com/markets/2022/07/06/first-mover-asia-how-inaccurate-d...

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