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Every now and then, an industry player becomes so large that their successes and failures are felt by all those around it – whether they like it or not. Depending on their outlook, they shine as beacons of either hope or despair. With FTX falling down to earth in a manner reminiscent of Luna’s collapse earlier this year, the industry’s already bracing for the impact. Let’s see what damage has been done already.
You ever seen a kid at Disneyland stepping off Space Mountain, hopped up on hot fudge sundaes and slowly turning green? Well, Disney investors feel a bit like that.
The entire crypto industry has been rattled by a series of unfortunate events that would make Lemony Snicket proud, causing catastrophic waves across the market.
In another development of the recent Bitcoin saga, investors are now switching from selling mode to accumulation mode.
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