A Prolonged Crypto Bear Market - What, How, and Strategies
The crypto industry has faced difficult economic conditions and a bear market in 2022, leading to a number of companies scaling back operations or shutting down. The collapse of the $LUNA market and the FTX exchange played a significant role in these events, causing a wave of liquidations and significant losses. Some companies have sought Chapter 11 bankruptcy protection in an effort to restructure their debts and become financially viable again. The failure of FTX has had major impacts on the industry and put pressure on exchanges to be more transparent. Despite the challenges, the market has held up better than expected and should recover in 2023 and beyond.
Read more...