Buy Crypto
Markets
Contract
Spot
Earn
Web3 new
Learn
Blogs > Crypto in a Minute > Rough Seas Ahead For Crypto >

Rough Seas Ahead For Crypto

Author: Jeffrey Craig Date: 2022-11-14 03:39:44

  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Discord
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

giftRegister to get $180 Welcome Bonus!
Email
Password
Invitation code (Optional)

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.zendesk.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
  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Discord
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

giftRegister to get $180 Welcome Bonus!
Email
Password
Invitation code (Optional)
start trading start trading start trading

Register On Phemex Now To Begin Trading

Register On Phemex

More Articles

Subscribe Phemex

Get The Latest News And Updates From Phemex!

Get The Latest News & Updates!