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FTX Collapse Adds to 2022 Crypto Price Decline, Marks Worst Year in Industry History

Altszn.com by Altszn.com
December 20, 2022
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FTX Collapse Adds to 2022 Crypto Price Decline, Marks Worst Year in Industry History
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Last year’s price run-up in the largest cryptocurrency, bitcoin (BTC), to a record $69,000 brought rampant speculation and risk-taking by crypto traders who used “leverage,” or borrowed money, to amplify their bets. The unwinding of that leverage over the course of 2022 served to accelerate the market’s descent. The CoinDesk Bitcoin Price Index has tumbled 65% this year to about $16,594 at the time of writing.



Read More: www.coindesk.com

Tags: addsBitcoinBTCcollapseCryptoDeclineFTXHistoryIndustryMarksPriceworstyear
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    • bitcoinBitcoin (BTC) $ 106,532.00
    • ethereumEthereum (ETH) $ 2,479.75
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.43
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    • usd-coinUSDC (USDC) $ 0.999864
    • dogecoinDogecoin (DOGE) $ 0.232277
    • cardanoCardano (ADA) $ 0.756677
    • tronTRON (TRX) $ 0.266647
    • staked-etherLido Staked Ether (STETH) $ 2,477.71
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 106,206.00
    • suiSui (SUI) $ 3.92
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    • wrapped-stethWrapped stETH (WSTETH) $ 2,955.63
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    • stellarStellar (XLM) $ 0.292079
    • hyperliquidHyperliquid (HYPE) $ 26.92
    • shiba-inuShiba Inu (SHIB) $ 0.000015
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    • bitcoin-cashBitcoin Cash (BCH) $ 406.55
    • leo-tokenLEO Token (LEO) $ 8.72
    • the-open-networkToncoin (TON) $ 3.13
    • litecoinLitecoin (LTC) $ 100.73
    • polkadotPolkadot (DOT) $ 4.77
    • usdsUSDS (USDS) $ 0.999864
    • wethWETH (WETH) $ 2,472.61
    • moneroMonero (XMR) $ 338.07
    • bitget-tokenBitget Token (BGB) $ 5.17
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • wrapped-eethWrapped eETH (WEETH) $ 2,638.65
    • pepePepe (PEPE) $ 0.000014
    • pi-networkPi Network (PI) $ 0.747258
    • ethena-usdeEthena USDe (USDE) $ 0.997421
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 106,408.00
    • whitebitWhiteBIT Coin (WBT) $ 30.32
    • bittensorBittensor (TAO) $ 423.62
    • uniswapUniswap (UNI) $ 6.10
    • daiDai (DAI) $ 0.999741
    • aaveAave (AAVE) $ 231.34
    • nearNEAR Protocol (NEAR) $ 2.84
    • aptosAptos (APT) $ 5.17
    • okbOKB (OKB) $ 53.08
    • jito-staked-solJito Staked SOL (JITOSOL) $ 207.25
    • ondo-financeOndo (ONDO) $ 0.958648
    • crypto-com-chainCronos (CRO) $ 0.099423
    • kaspaKaspa (KAS) $ 0.111607
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • ethereum-classicEthereum Classic (ETC) $ 18.63
    • internet-computerInternet Computer (ICP) $ 5.33
    • bitcoinBitcoin (BTC) $ 106,532.00
    • ethereumEthereum (ETH) $ 2,479.75
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.43
    • bnbBNB (BNB) $ 651.45
    • solanaSolana (SOL) $ 172.57
    • usd-coinUSDC (USDC) $ 0.999864
    • dogecoinDogecoin (DOGE) $ 0.232277
    • cardanoCardano (ADA) $ 0.756677
    • tronTRON (TRX) $ 0.266647
    • staked-etherLido Staked Ether (STETH) $ 2,477.71
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 106,206.00
    • suiSui (SUI) $ 3.92
    • chainlinkChainlink (LINK) $ 15.84
    • wrapped-stethWrapped stETH (WSTETH) $ 2,955.63
    • avalanche-2Avalanche (AVAX) $ 22.93
    • stellarStellar (XLM) $ 0.292079
    • hyperliquidHyperliquid (HYPE) $ 26.92
    • shiba-inuShiba Inu (SHIB) $ 0.000015
    • hedera-hashgraphHedera (HBAR) $ 0.196690
    • bitcoin-cashBitcoin Cash (BCH) $ 406.55
    • leo-tokenLEO Token (LEO) $ 8.72
    • the-open-networkToncoin (TON) $ 3.13
    • litecoinLitecoin (LTC) $ 100.73
    • polkadotPolkadot (DOT) $ 4.77
    • usdsUSDS (USDS) $ 0.999864
    • wethWETH (WETH) $ 2,472.61
    • moneroMonero (XMR) $ 338.07
    • bitget-tokenBitget Token (BGB) $ 5.17
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • wrapped-eethWrapped eETH (WEETH) $ 2,638.65
    • pepePepe (PEPE) $ 0.000014
    • pi-networkPi Network (PI) $ 0.747258
    • ethena-usdeEthena USDe (USDE) $ 0.997421
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 106,408.00
    • whitebitWhiteBIT Coin (WBT) $ 30.32
    • bittensorBittensor (TAO) $ 423.62
    • uniswapUniswap (UNI) $ 6.10
    • daiDai (DAI) $ 0.999741
    • aaveAave (AAVE) $ 231.34
    • nearNEAR Protocol (NEAR) $ 2.84
    • aptosAptos (APT) $ 5.17
    • okbOKB (OKB) $ 53.08
    • jito-staked-solJito Staked SOL (JITOSOL) $ 207.25
    • ondo-financeOndo (ONDO) $ 0.958648
    • crypto-com-chainCronos (CRO) $ 0.099423
    • kaspaKaspa (KAS) $ 0.111607
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • ethereum-classicEthereum Classic (ETC) $ 18.63
    • internet-computerInternet Computer (ICP) $ 5.33