After a barnstorming end to 2021, the value of cryptocurrency markets collapsed in 2022. After the collapse of FTX, anther large crypto trading platform, Genesis, filed for bankruptcy on Thursday. As shown with the collapse of FTX, crypto markets are struggling to hold on to any liquidity. Another factor to consider is looming regulation of cryptocurrency markets. Expected to enter force this year, the bill seeks to establish the same rules for EU nations with regards to crypto regulation.

Source: Forbes January 20, 2023 23:47 UTC