logo
Rewards Hub

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

OneCoin Price: Why This $0.000002 Token Shares a Name With Crypto's Biggest Scam — And What You Need to Know Before Touching It

OneCoin Price: Why This $0.000002 Token Shares a Name With Crypto's Biggest Scam — And What You Need to Know Before Touching It

Market Insights
2026-03-30
5-10m
How Trump's Regulators Are Pushing Crypto Directly Into the US Banking System

How Trump's Regulators Are Pushing Crypto Directly Into the US Banking System

Market Insights
2026-03-30
10-15m
Q1 2026 Closes Tomorrow and Here Is What Every Crypto Trader Should Watch on Monday

Q1 2026 Closes Tomorrow and Here Is What Every Crypto Trader Should Watch on Monday

Market Insights
2026-03-30
10-15m
Everything That Changed in Crypto Regulation in March 2026 and What It Means for You

Everything That Changed in Crypto Regulation in March 2026 and What It Means for You

Market Insights
2026-03-30
10-15m
The Five Q2 2026 Catalysts Every Crypto Trader Should Have on Their Radar

The Five Q2 2026 Catalysts Every Crypto Trader Should Have on Their Radar

Market Insights
2026-03-29
10-15m
How Weekend Crypto Trading Works and Why Prices Move Differently on Saturdays

How Weekend Crypto Trading Works and Why Prices Move Differently on Saturdays

Market Insights
2026-03-29
10-15m