Crypto Market Crash: Scimitar Capital Likely Behind Altcoin Crash

Also Read: Cardano’s Charles Hoskinson May Finally Patch Up With XRP Community

Scimitar Capital Crypto Selloff

In a fresh development, Scimitar Capital, a crypto trading platform, said it made the strategic decision to liquidate our crypto holdings. The crypto community believes that this is most likely the reason behind the sudden and widespread drop in crypto prices. The firm said in an announcement,

“Our fund has made the strategic decision to liquidate our crypto holdings and return the capital to our esteemed LPs. We believe this move will provide enhanced stability and opportunities.”

Also Read: Crypto Market Crash: Here’s Why Bitcoin, Ethereum, Altcoins Are Falling Sharply

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