Cryptocurrency Dashboard – July 15, 2022

    • July has been less than favorable for cryptocurrency firms and hedge funds. In recent news, many companies tied to cryptocurrencies have filed for bankruptcy including: Three Arrows Capital, Celsius, and Voyager.
    • Public companies that have stakes in cryptocurrency are posting negative returns in 2022.
    • Looking at Bloomberg article counts that mention both crypto and bankruptcy, there has been a drastic upswing in July, reflecting the turmoil experienced in the cryptocurrency landscape. The current article count for July is almost triple that of any month in the past three years. 
    • If cryptocurrencies continue to plummet, how many more companies tied to the success of cryptocurrencies will crash and burn? The coming months may prove to be a challenge for other crypto firms and hedge funds.

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