NEWSCryptocurrency funds moving towards markets; number of deals has dipped, says Michael Arrington
With the price of Bitcoin [BTC] on the rise and the collective coin market on an upswing, cryptocurrency funds have veered away from increased investment and have primed their focus on the market, claimed Michael Arrington. Arrington is the Founder of Arrington XRP Capital and the Silicon Valley news outlet, Tech Crunch.
Speaking to Ran NeuNer on the latest episode of CNBC’s Crypto Trader, Arrington said that the mood was considerably bullish. As the collective market added nearly $40 billion in less than a week, virtual currency-centric funds have seen a wave of optimism, he added.