Mark Mobius, founder of Mobius Capital Partners, says bitcoin continues its downtrend. which will reach the $10,000 level
Also, Mr. Mobius said He won’t take his money. Or the client’s money to invest in digital assets because there is too much risk
Bitcoin surpassed $69,000 in November 2021. which is the highest level in history before falling below $20,000 in June 2022. amid concerns that the US Federal Reserve (Fed), accelerating interest rate hikes and reducing the size of its balance sheet, it will drag liquidity into the market. and force the US into a recession
BlockFi filed for bankruptcy on Monday (November 28), as the company filed for Chapter 11 bankruptcy protection in New Jersey.
BlockFi, which has a market capitalization of $4.8 billion, said it has more than 100,000 creditors and $1 billion to $10 billion in liabilities and assets.
BlockFi, which offers cryptocurrency deposit services and has its own trading board Is one of many companies affected by the collapse of FTX, the world’s #2 cryptocurrency trading platform.
Previously, BlockFi announced the suspension of customer withdrawals. He acknowledged that the business was hit hard by FTX’s bankruptcy.
FTX filed for bankruptcy Nov. 11 with more than 1,000,000 creditors, while approximately 130 of its affiliates filed for bankruptcy. These include Alameda Research and FTX.us.
FTX went bankrupt within days. from original assets of more than $30 billion Amid liquidity crises as customers flock to withdraw funds as Binance pulls out of deal
