What is the state of the cryptocurrency market weeks after the FTX collapse?

Hello dear readers, this time I wanted to share with all of you the current scenario of the cryptocurrency market after the FTX collapse, specifically about the behavior and fluctuations experienced by the Bitcoin a few weeks after the bankruptcy of the FTX platform.

Bitcoin prices showed relative stability of late, fluctuating within a relatively modest range after falling in early November.

While the collapse of FTX has undoubtedly created headwinds for the crypto industry, some market observers believe that the fall of the exchange will serve as a positive impetus, motivating key stakeholders to create a more effective regulatory regime so that such events can be prevented.

However, after the FTX saga generated countless headlines, a wave of consultations followed, and both legislators and regulatory agencies took action, but little progress seems to have been made on the issue.

For some experts, while the collapse of FTX has certainly been the sting felt across the space, it is positive overall for the future of Bitcoin and digital assets, as it will undoubtedly begin the long-awaited process of investors, regulators and financial institutions working together, to begin to set the parameters within which this currency should be regulated.

Forbes. December Crypto Market Outlook. Link

The cover image was designed by the author: @lupafilotaxia, incorporating image: Forbes.