Bitcoin’s hedge fund sharks are swimming with the whales

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[LONDON] Bitcoin is doing that thing again. After a 50 per cent slump in the cryptocurrency’s price to about US$4,000 in mid-March, when Covid-19 panic was gripping the financial markets, it has bounced back to trade at about US$11,200. Veteran crypto-watchers have seen this rapid shift from fear to greed many times before, and know it can have painful consequences.


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