Square shares drop after short seller Citron calls bitcoin strategy 'nonsense'

Shares of Square fell Monday after noted short-seller Andrew Left's Citron Research said excitement over the payments processor's bitcoin trading product was overdone. The stock briefly lost 3.8 percent to $ 45.76 a share before recovering some of its losses. Square is a "collection of yawn businesses," …
Google Alert – bitcoin

Bitcoin sees muted action, consolidates after drop under key, long-term trend line

A single bitcoin last traded at $ 8,847.25, down 2.5%, since Wednesday levels at 5 p.m. Eastern Time on Kraken. Despite the decline Wednesday, industry participants remain upbeat, with the price of bitcoin still 30% off its April low. “Overall things remain positive,” said Charles Hayter, co-founder of …
Google Alert – bitcoin

Crypto Funds Drop 29.2% in March Reveals Hedge Fund Data Specialist (news.bitcoin.com)

In theory, hedge funds employ complex investment strategies that should allow them to achieve high returns both in bearish and bullish markets. In practice many fail due to short term thinking and over-leveraged trading. These can be especially costly and not suitable for the young and volatile cryptocurrency market as any long time bitcoin HODLer can tell you.  
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