Buying crypto was a lot of fun when it was going up. Now, many lifelong fans are freaking out.
This year has brought crisis after crisis, which has raised questions about the long-term prospects of the industry. the two major lenders, voyager digital And Celsius Network, filed for bankruptcy this summer. The price of bitcoin has fallen by about 75% from its peak at the end of last year. For some traders, the recent collapse of crypto exchange FTX—which dragging down other firms—was the last straw.