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Bitcoin's fall: The consequences already at the door

20/07/2022
Categories: Economy/Forex

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Since Bitcoin fell, fallout has been gushing over cryptoassets that have lost their luster.

Trading volumes collapsed in the first half of the year, penalizing specialized exchanges, such as U.S. market leader Coinbase. This tumultuous period has seen the disappearance of players who were nevertheless well established, such as the hedge fund Three Arrows Capital, the broker Voyager Digital, or the lending platform Celsius.The main reason is the collapse of Bitcoin As a reminder, bitcoin has lost 70% of its value in a few months, falling from $67,000 last November to less than $19,000 in mid-June.

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