The global cryptocurrency market has been hit with turbulent circumstances, and the market is still striving hard to make its comeback.
This instability was followed by a liquidity crisis, unemployment, and an in-depth investigation of illegal crypto firms.
Market participants had assumed that the worst days had gone once the Terra (Luna) crisis blew over.
During Bloomberg’s Crypto summit yesterday, July 19, Galaxy Digital’s CEO Mike Novogratz acknowledged that the crypto market had been through some miserable times recently, and these situations have damaged investors’ confidence.
Furthermore, Galaxy’s CEO said that Terra’s crash was an eye-opener and made us realize that the whole crypto market and investors do not have adequate risk management knowledge.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.