Thursday, December 1, 2022
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Savers Shaken by Bitcoin Decline

The second largest cryptocurrency exchange in the world, which weighed in at $32 billion, had a reputation for being one of the strongest in the ecosystem. 150108898/rcfotostock – stock.adobe.com

DESCRIPTION – Retail investor confidence has been shaken by the rout of cryptocurrency exchange FTX.

Savers who have bet on bitcoin are flying from disillusionment to disillusionment. Last week, the route of the giant FTX, had the effect of a new bomb. The second largest cryptocurrency exchange in the world, which weighed in at $32 billion, nevertheless had a reputation for being one of the most solid in the ecosystem. Its customers – there are about 100,000, individuals and institutional investors – no longer have access to their funds. However, some were able to resume their narrow efforts as insolvency rumors began to swell the Internet. “I rushed to get my money back, but I have friends who didn’t. They believed that FTX was too big to fall. says Louis, a young director of the bank, who was able to regain control of the 5,000 euros he had invested.

This new episode has reinforced the crisis of confidence affecting the most famous cryptocurrencies. Bitcoin, which had hovered at $20,000 for months, is…

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