Cumberland: The market will be restored - as soon as crypto acts go to solvent owners – Bits Media

Cumberland Foundation experts consider, that the speed of recovery of the cryptocurrency market will be determined by speed, with which assets will move from insolvent companies to solvent.

Cumberland is sure, What are the assets, owned by problem companies, should be eliminated, To compensate for debt obligations. Also, the recovery of the market will be affected by then, What fate will befall these assets.

“Since large and opaque liquidation flows outside the network are emerging, Market participants will doubt: is it worth investing in capital. This reduces liquidity and increases volatility. Uncertainty in relation to the size and terms of sale of assets hangs over the market, Like a cloud ", - says the company on the company on Twitter.

Cumberland analysts do not consider the situation that has developed in the cryptocurrency market something extraordinary. In their opinion, It “is no different from examples in financial textbooks” and companies with excessive use of borrowed funds “for hundreds of years suffered punishment during a bear trend”.

As a result of market shocks, some of the cryptocurrency industry of cryptocurrencies significant for the cryptocurrency industry was under serious pressure. In June, Just a month after the collapse of Terra, Celsius cryptocredit platform stopped withdrawing funds for its customers. And the beginning of July was marked by those, that Voyager Digital submitted a bankruptcy petition to the Court of the Southern District of New York.