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Crypto hedge funds outperform Bitcoin in November: Report
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cnbctv18.comCryptocurrency-themed hedge funds outperformed Bitcoin, the world's largest cryptocurrency by market cap, in November. While Bitcoin closed November with a loss of 6.5 percent, hedge funds with exposure to a diverse portfolio of cryptos including altcoins, lost only 2 percent, according to a report by Bloomberg that quoted data from Eurekahedge Cryptocurrency Hedge Fund Index.The world’s largest cryptocurrency has fallen from an all-time high of over $69,000 hit early November to under $48,000 now, in just a little over a month.
In early December, the Ether (ETH) to Bitcoin (BTC) ratio or numbers of bitcoins needed to buy one ether, rose to its highest in three years. This is also an indicator that investors may have shifted their focus to
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