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FxWirePro- Major Crypto levels and bias summary 
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FxWirePro- Major Crypto levels and bias summary 
Polychain Capital which is the vanguard of cryptocurrency investing firm, lauded $1 billion in assets, allures aspirants of renowned ventures capital firms like Andreessen Horowitz, and gambling on companies that might define the next generation of the blockchain.
Well, as per the regulatory filing, the San Francisco-based crypto hedge fund has been the pioneer crypto fund with more than $1 billion in assets under management (AUM).
However, the net-worth of Polychain’s AUM, sank nearly about 40% during the course of bearish rout that was major in 2018 as the bears total control over the majority of the cryptocurrency prices including bitcoin.
Most notably, the veterans think that Polychain’s AUM faded away especially owing only to a drop in the “value of its holdings,” the filing remarks. Well, in addition, the fund was also less affected than the overall broader crypto marketspace, whose “aggregate value of AUM” narrowed to $591.5 million at year-end 2018. This is actually not because of investor withdrawals but because of the entire crypto-market struggle which appears to be sensible.
While Coda made an announcement about their new round of funding for O(1) Labs. Wherein, they raised $15M from an elite group of investors including Accomplice, Coinbase Ventures, Paradigm, and General Catalyst. These excellent funds, along with a few other high value-add investors are joined by additional support from our amazing seed investors including MetaStable, PolyChain, Electric Capital, and others.
Amid mounting crypto interests of institutional investors, the other financial services giants have reportedly begun working with the "mainstream" crypto hedge funds. Northern Trust’s efforts of exploring in new blockchain offerings for private equity, crypto hedge funds followed by JPM’s blockchain initiatives are also center of attraction.
Hedge fund clients are advocated to stay long hedged of mid-month tenors in this crypto-asset to fetch handsome yields by mitigating risk factor of the market volatility.
Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at 64 levels (which is bullish), hourly USD spot index was at -60 (bearish) while articulating at (07:17 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
