2023-11-02 22:49:35
Par Ingrid Vergara
Published 3 hours ago, Updated 24 minutes ago
The price of bitcoin has more than doubled since its low point on November 11, 2022. Its progression has even accelerated since mid-October, exceeding $30,000. gopixa – stock.adobe.com
INVESTIGATION – Twelve months after the fall of the FTX platform, the sector is still struggling to recover. But the potential of bitcoin is arousing the interest of financial giants.
Twelve months after the collapse of the FTX exchange platform, the cryptoasset sector is still struggling to recover from the most violent shock in its history. In just nine days at the beginning of November 2022, this heavyweight of the markets at the time, created by Sam Bankman Fried, placed itself under the protection of Chapter XI of the American bankruptcy law.
With ripple consequences across the entire industry, which are still being felt today. Starting with a lasting destruction of investor confidence. “The fall of FTX had systemic consequences and damaged confidence in the sector”laments Faustine Fleuret, president of the Association for the Development of Digital Assets (Adan).
Read also Return to prison: the setbacks continue for Sam Bankman-Fried, the fallen boss of FTX
A few months earlier, the rapid rise in interest rates in the United States had already contributed to bursting the intense speculative bubble of 2021-2022, during which the capitalization of the cryptocurrency market had peaked at more than 3,000 billion dollars…
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#euphoria #great #disillusionment