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After the FTX crash, here’s what you need to know – the crypto bubble is already bursting | Carol Alexander

After the FTX crash, here’s what you need to know – the crypto bubble is already bursting | Carol Alexander

on Thursday
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https://www.theguardian.com/commentisfree/2022/nov/23/ftx-binance-crypto-market

Ordinary buyers should beware. They are being sucked into perilously risky trading that only professionals understand

Following the bankruptcy of one of the world’s largest cryptocurrency exchanges, FTX, the price of bitcoin (BTC) has tumbled again. It is now about $16,500 – a far cry from the all-time high of $66,000 just a year ago.