📌Bitcoin's price dropped 12% in Q2 due to dwindling ETF inflows and interest rate uncertainty, trading near the lower end of its range. 📌If it breaks below the range, support levels may be at $53,000, $44,000, and $38,000. 📌Technical analysis projects a potential upside target of $87,300 if the cryptocurrency makes a new all-time high.
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Private equity firm True North is preparing for a significant exit after scaling back the target corpus of its seventh flagship fund. The firm has made two liquidity moves from Indian companies this year, following several exits in 2023. With a reduced target corpus, True North aims to make a notable harvest, marking a crucial milestone for the Indian PE firm.
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Venture debt firm ValuAble, founded by Axis Bank's former head Rahul Gupta and Stride Ventures' CFO Siba Panda, has hired a former partner from private equity firm Ascent Capital to expand its team. ValuAble is currently in the process of raising capital to invest in startups, with plans to deploy around ₹500-600 crore in the next 2-3 years.
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