The price of bitcoin (BTC-USD) slipped on Thursday as some of the world’s leading hedge funds look to get involved in the cryptocurrency market.
The world’s largest cryptocurrency fell more than 3% to $33,480 ($24,287) on the day after rejecting a key $36,600 level on Tuesday.
Despite the fact that the coin had rallied at the end of June, with prices rising from close to $30,000 on the weekend to above $35,000 on Wednesday, it had its worst quarter since the bear market of 2018, and its third-worst quarter since 2014, in terms of US dollar performance.
Other leading cryptocurrencies saw a similar bounce before retreating slightly, with ethereum (ETH-USD) back above the $2,000 mark, and dogecoin (DOGE-USD) breaking above $0.25.
It comes as Steve Cohen’s Point72 Asset Management are looking to hire a head of…
