First Mover Americas: VC Giant Andreessen Horowitz Looks to U.K. For Expansion

A key metric tracking crypto market liquidity tanked sharply over the weekend, leaving paper-thin order books that could amplify price swings. Crypto research firm Hyblock Capital’s global bid and ask indicator – which aggregates the dollar amount of resting bid and ask orders for more than 1,100 coins listed worldwide – fell by 20% across spot markets on Saturday. The sharp decline happened as alternative cryptocurrencies like SOL, MATIC, DOGE and others tumbled amid rumors of a fund liquidating its coin holdings. According to crypto hedge fund Assymetric’s CIO Joe McCann, some market makers likely pulled out from the market during the altcoin plunge, causing a sharp fall in the amount of resting bid and ask orders.

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• Source: https://www.coindesk.com/markets/2023/06/12/first-mover-americas-vc-giant-andreessen-horowitz-looks-to-uk-for-expansion/?utm_medium=referral&utm_source=rss&utm_campaign=headlines