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The industry has been hit. The markets even briefly stabilized. If this is indeed the nothing in crypto was safe.
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| Utility cryptocurrency | And we need to ensure that there's no commingling of assets," she said. Lending platform Celsius paused withdrawals because of "extreme market conditions. The downdraft started in late Here are some of the main factors leading to the current slump. Celsius' bankruptcy has also been intertwined with the biggest scandal rocking the crypto industry: the fall of one of the largest cryptocurrency exchanges, FTX. The market was chock-full of risky speculative crypto positions thanks to DeFi trading platforms granting unprecedented access to leverage and collateralized borrowing. Skip Navigation. |
| Top telegram crypto channels | This wouldn't have happened if it were just retail investors making these risky trades, but the reason this had such a huge impact was that a lot of those risky positions were held by the Celsius network. These are two cryptocurrencies created by the Terra network, a blockchain project developed in South Korea. Is crypto headed for a Lehman moment? De Los. California More rain, more car-damaging potholes. Crypto became an increasingly popular risk-on investment among both institutional and retail investors. |
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Watch Out! The Real Reason Crypto Is Going UP! (Bitcoin Whales)The cryptocurrency market is starting to bounce back a year after the collapse of crypto exchange FTX and other big players in crushed. What caused bitcoin's big crash in ? In March , the price of one bitcoin was around $46, But. Unfortunate events and obstacles shook the prices of Bitcoin which led it to crash from $50, to $15, over the year Overall crypto.
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