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Five Companies Have Formed Three Arrows Capital Creditors Committee

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Today’s Cryptocurrency Headline

Digital Currency Group (DCG), Voyager, CoinList, and Matrixport, have formed the Three Arrows Capital Creditors Committee, according to three sources with knowledge of the matter. Creditors voted based on their voting power (size of their claim) and the five members were ultimately chosen at the first creditors’ meeting today held by Teneo. Teneo, the liquidator for Three Arrows Capital, declined to comment. Earlier news, court documents show that Three Arrows Capital owes 27 crypto companies a total of $3.5 billion.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Bitcoin is up 8.2% over the last 24 hours and rose to an intraday high of $23,704.84. The largest cryptocurrency broke above the 50-day exponential moving average (EMA) ($23,402) today. The Crypto Greed & Fear Index increased from “extreme fear” to “fear” and rose 10 points to 30, the highest since April, suggesting the recent relief rally has improved the market sentiment. If the price sustains above the 50-day EMA, the BTC/USDT pair could then rally to $28,000.

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