Crypto Hedge Fund Managers Forgo Sleep to Cope With Market Surge
- Trading spikes as Bitcoin brings fresh record high in view
- 24-hour digital-asset markets are a big test for investors
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Bitcoin began to tease out a sharp ascent on Sydney-based crypto hedge fund manager Richard Galvin’s screens around the time the city’s financial elite were hitting the bars for evening drinks.
The digital asset then embarked on a febrile rally past $60,000 on Wednesday in US trading, spurred by demand from exchange-traded funds, and when Galvin finally called it a day he’d lost another night’s sleep to 24-hour crypto markets.