Abraxas Capital Dumps $136M into Bitfinex and Spark

Abraxas Capital has made significant investments in two major cryptocurrency exchanges: Bitfinex and Spark.

The company deposited $61.19M USDT to Bitfinex, while simultaneously supplying 40K ETH worth $75.17M to Spark via its Wrapped Token Gateway.

This combined investment totals $136.36M, according to data from Arkham.

In terms of price action, the current Ethereum (ETH) market is showing signs of building momentum, with the MACD golden cross at -7.89 and a neutral RSI reading of 51.18.