Forbes (June 28)
2022/ 06/ 30 by jd in Global News
“The question on everybody’s mind in the crypto world is whether we’ve reached the market bottom. Nearly $2 trillion in crypto market value has evaporated since November…. But the fallout is far from complete.” With over “600 crypto exchanges around the world operating in a largely unregulated frontier,” there are others that are already insolvent. Many promised unreasonably high yields, which “worked fine when crypto was going nowhere but up. It looks disastrous now.”
Tags: Bottom, Crypto, Crypto exchanges, Fallout, Insolvent, Market, Promised, Unregulated, Value, Yields
