cruptocrush

The year 2022 was rich in major shocks and bankruptcies of cryptocurrency projects - after each such event, all assets fall in price simultaneously. The current crisis was no exception: the transformation of FTX, the fourth-largest cryptocurrency exchange by turnover, into a full-fledged bankruptcy in a few days was a shock to investors.

Almost six months ago, in the world of cryptocurrencies, there was a high-profile scandal associated with the collapse of the stablecoin market - digital currencies pegged to the rates of the real ones. Now the crypto-financial market is shaking again: the first cryptocurrency - bitcoin - was rapidly falling, losing a quarter of its price. On November 10, its rate dipped below $16,000. Bitcoin's fall dragged alternative cryptocurrencies as well. Some analysts have already dubbed what is happening the "beginning of the end" of the cryptocurrency world - again.