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

Invesco Galaxy Bitcoin ETF Adds BNY Mellon: What Does the Custody Filing Change?

Invesco Galaxy Bitcoin ETF Adds BNY Mellon: What Does the Custody Filing Change?

Market Insights
2026-11-13
10-15m
Bit Digital Q3 2026: How Its ETH Treasury and Collateral Fit Together

Bit Digital Q3 2026: How Its ETH Treasury and Collateral Fit Together

Market Insights
2026-11-13
5-10m
Canton Coin ETF November 13: What the SEC Filing Does and Does Not Say

Canton Coin ETF November 13: What the SEC Filing Does and Does Not Say

Market Insights
2026-11-13
5-10m
Korea's Proposed Crypto Withdrawal Freeze: What Happens When an Exchange Suspects a Hack?

Korea's Proposed Crypto Withdrawal Freeze: What Happens When an Exchange Suspects a Hack?

2026-11-13
10-15m
Thailand's Stablecoin Draft: What the November 12 Consultation Would Change

Thailand's Stablecoin Draft: What the November 12 Consultation Would Change

Market Insights
2026-11-13
5-10m
USDC Enters EBA Supervision: What Changed on November 12?

USDC Enters EBA Supervision: What Changed on November 12?

Market Insights
2026-11-13
5-10m