The crypto industry’s ‘silent adjustment period’
The recent decline in cryptocurrencies appears different from previous ones on the surface. There has been no major scandal, no exchange bankruptcy, and no regulatory crackdown.
According to Zhitong Finance, the recent decline in cryptocurrencies appears different on the surface from previous instances. There have been no shocking scandals, no exchange bankruptcies, and no regulatory crackdowns. However, for the industry’s largest trading platforms, the losses are beginning to feel disturbingly familiar.
Since plummeting from its all-time high in October last year, Bitcoin has dropped by more than 35%. However, the impact on exchanges such as Coinbase Global Inc. (COIN.US), Gemini Space Station Inc. (GEMI.US), and Bullish (BLSH.US) has…
