FTX Is Not the Only Reason. What Is Happening in the Crypto Market, and How to Look Into the Future
Too Long; Didn't Read
Crypto investors lost more than $2 trillion in a year in the cryptocurrency market. The collapse of the FTX crypto exchange was preceded by several other major bankruptcies, which led to the fact that investors begin to lose faith in the entire market. Inflation and an increase in interest rates by central banks reduced investor appetite for high-risk, high-yield assets, in particular cryptocurrencies. In just three years, FTX has gone from zero to a $32 billion company and is back to zero.