logo
TradFi
Sign Up to 15,000 USDT in Rewards
Limited-time offer is waiting for you!

Rough Seas Ahead For Crypto

november-14-daily-update

Main Takeaway: Damage Control

As a result of the FTX fallout, crypto is again witnessing another big crisis in 2022 (Luna, 3AC, Voyager, Celsius). It’s still too early to tell what this will lead to, but FTX’s reach spanned across hundreds of companies and institutions, let alone the damage it did to retail. Investors and traders should be aware that the bottom will come only when the leverage is totally wiped out from the system. Therefore, markets could still witness more downside if the current trend of bankruptcies continues and the macro stays negative.


For any inquiries contact us at support@phemex.com
Follow our official Twitter | Join our community on Telegram
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free
Sign Up and Claim 15000 USDT
Disclaimer
This content provided on this page is for informational purposes only and does not constitute investment advice, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. For further information, please refer to our Terms of Use and Risk Disclosure

Related articles

iExec vs Golem: Which Compute Token Is Best in 2026?

iExec vs Golem: Which Compute Token Is Best in 2026?

Market Insights
2026-10-07
10-15m
API3 (API3) Price Prediction 2026-2030: $1.6 or $0.19?

API3 (API3) Price Prediction 2026-2030: $1.6 or $0.19?

Market Insights
2026-10-07
15-20m
Gitcoin (GTC) Price Prediction 2026-2030: $0.45 or $0.07?

Gitcoin (GTC) Price Prediction 2026-2030: $0.45 or $0.07?

Market Insights
2026-10-07
15-20m
Vitalik Buterin on AI and Crypto Security: What It Means for Traders

Vitalik Buterin on AI and Crypto Security: What It Means for Traders

Security
2026-10-08
10-15m
The Sandbox (SAND) Price Prediction 2026-2030: Future Outlook

The Sandbox (SAND) Price Prediction 2026-2030: Future Outlook

Market Insights
2026-10-06
15-20m
Starknet Price Prediction 2026-2030: Will STRK Rebound or Drop?

Starknet Price Prediction 2026-2030: Will STRK Rebound or Drop?

Market Insights
2026-10-06
15-20m