The FTX collapse means all bets currently off for #crypto Wha | Forex Trading Experts 📊 HYCM

The FTX collapse means all bets currently off for #crypto

What a difference a few days can make. At the beginning of November, we saw bitcoin breaking above its 20-week moving average for the first time since March. A few days later, news of the FTX bankruptcy sent crypto markets in a tailspin. As the extent of the shortfall comes to light, and we learn more about the contagion from this event, we’ve gone from crypto analysts trying to pick a bottom, to the entire market wringing its hands and wondering just how bad this story is for crypto and how much worse it can get.

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