$325 billion market cap vanishes amid selling pressure
- The Kobeissi letter highlights how the crypto market erased $325 billion since Friday.
- Bloomberg reported that Citadel Securities is looking to become a liquidity provider for Bitcoin and crypto.
- Amid the crypto crash, Sam Bankman-Fried states he has “a lot of sympathy for government employees.”
The Kobeissi Letter reports on Tuesday a $325 billion wipeout in the crypto market capitalization since Friday. Additionally, Bloomberg reports that Citadel Securities, a firm with $65 billion in assets, is exploring a role as a Bitcoin and crypto liquidity provider. Amid the turmoil, former FTX CEO Sam Bankman-Fried reemerged, expressing “sympathy for government employees.”
Bloodbath in the crypto market
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