Crypto's excruciating week has traders bracing for next crisis - Economic Times


6/18/2022 12:00:00 AM2 years 10 months ago
by Bloomberg

It all started late Sunday, when a sort of crypto shadow bank called Celsius Network suspended withdrawals from depositors who had been enticed by sky-high interest rates that, in retrospect, were likely too good to be true. By the end of the week, on the oth…

It was one of the most dramatic weeks in the short history of the cryptocurrency market, bookended by the type of announcements investors fear the most from a counterparty: Were sorry, but we just ca… [+6194 chars]

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