Grayscale and MicroStrategy struggles hint at hard times for crypto
With the fallout from FTX’s collapse still being felt, there are signs that, for crypto markets, things may get worse before they get better.
Cryptocurrency news by Protos · Protos
November 21, 20226m 12s
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Show Notes
Indeed, bitcoin has taken a 25% dive and many altcoins fared even worse with FTX-backed Solana spiraling 65%. The question now on everyone's mind: is more pain in store for crypto markets? The FTX fallout has come in the middle of a huge patch of bearish sentiment across all markets but crypto is also facing wide and structural market deleveraging which is making companies go bust and coins go to zero.
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