04/20/2021 –
- Crypto market flash crash – Bitcoin drops over 15%, Ethereum drops over 20%
- Belvoir Crypto Alpha Strategy protects assets and generates positive returns +0.44%
After a run-up in prices last week, cryptocurrencies experienced a sharp correction over the weekend. Bitcoin dropped 15% and Ethereum dropped over 20% from their recent highs. The move was enlarged by an overnight crash that started Saturday night (CET) and in less than 24 hours about $310 billion was wiped from the total market capitalization of the cryptocurrencies.
Read here how the Belvoir Crypto Alpha Strategy passed this first stress scenario and tail risk event.