Hedge Fund Believes Bitcoin (BTC) Proves “Quality” in Bear Market, But Altcoins Show More Return Potential14.19

The scores of cryptocurrency hedge funds setting up shop in late-2017, during the infamous bull run, are facing an existential crisis after plunging prices, low investor interest, and poor fundamental growth in the broader cryptocurrency industry.

The year 2018 has been brutal for the digital assets market. Bitcoin is down 54 percent, Ether has plunged by 74 percent, while Bitcoin Cash proponents are finding their wallets lighter by 82 percent. Over $600 billion has left the market since January 2018, if the total market cap is considered, while global regulations for the asset class continue to be a stalemate.

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