Impact of FTX’s Contagion to Continue into 2023: CryptoCompare
CryptoCompare predicts that the impact of FTX’s crash will continue into 2023, providing an opportunity for reflection ahead of the next bull run. This year has been tumultuous for the cryptocurrency industry, with major players like Terra, Three Arrows Capital (3AC), and FTX going underwater.
As the crypto space struggles to find footing amid the second wave of the crypto winter exacerbated by the latest FTX debacle, digital asset data provider CryptoCompare believes it will take a while for the industry to recover from the impact of the collapse. CryptoCompare noted that it would take some time for the market to fully recover from the impact of FTX’s collapse, as the exchange’s ties to numerous crypto firms.
Source
https://t.me/Bitcoin_Ethereum_Trading
