Crypto is in the midst of one in all the worst market crashes the comparatively new business has ever witnessed.
Since the peak of final 12 months’s bull run, the hottest crypto tokens akin to bitcoin and ether have plummeted by roughly 70 per cent, whereas the dimension of the business itself has fallen from greater than $3tn {dollars} to lower than $1tn.
Crypto is way from the solely asset class affected by the broader macroeconomic atmosphere, however the fall of digital asset costs has gutted an array of once-established gamers throughout the business, together with lenders, stablecoin issuers and retail and institutional traders alike.
Adam Samson, the FT’s markets information editor and Scott Chipolina, the FT’s digital property correspondent and writer of the Cryptofinance publication, answered your questions on what lies forward for the sector.
The Q&A happened in the feedback under this text.
Cryptofinance
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