The collapse of Terra, 3AC, and insolvency crisis across crypto institutions has sent the market into severe bear tendencies over the course of Q2. Despite gradual recovery during July, the broader market remains tense and vulnerable right now. Bitcoin [BTC] is trading just below $22,900 while Ethereum [ETH] is mounting a massive rebound towards $1,600 after news of the Merge release date.
A Quarter to forget
The second quarter of 2022 has been catastrophic for the crypto space. Bitcoin and Ethereum fell 56.3% and 67.4% respectively, recording one of the worst quarterly performances in their history. The collapse of the Terra ecosystem led to a domino effect across space which culminated in billions of losses. The “crypto winter” also consumed liquidity provider Three Arrows Capital and the insolvency of crypto institutions such as Celsius.
CryptoCompare analyzed the events of the second quarter and what they could mean for the crypto industry. Despite the internal tremors of the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...