FTX is done — What’s next for Bitcoin, altcoins and crypto in general?

Cointelegraph

Published Nov 18, 2022 04:30PM ET

Updated Nov 20, 2022 06:40PM ET

2022 was a tough year for crypto, and November was especially hard on investors and traders alike.

While it was incredibly painful for many, FTX’s blowup and the ensuing contagion that threatens to pull other centralized crypto exchanges down with it could be positive over the long run.

Perpetual exchange volume. Source: Token Terminal
ETH/USDT 2-day chart. Source: TradingView

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