Why the Crypto Unwind Wasn’t Contagious (This Time)

Why the Crypto Unwind Wasn’t Contagious (This Time)

Those choices have, in turn, led to genuine financial contagion within crypto markets, including tragic rugpulls for a number of startups that had funds custodied with 3AC. More to the point, though, 3AC set the market up for a wave of forced sales of bitcoin, ether (ETH) and similar blue-chip assets, threatening not just individual companies but the entire market.

Originally Posted on: https://www.coindesk.com/layer2/2022/06/29/why-the-crypto-unwind-wasnt-contagious-this-time/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: David Z Morris

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