EPISODE · Jun 21, 2022 · 24 MIN
Crypto is crashing. Why?
from Front Burner
After many months of hype, the cryptocurrency market is crashing. Last week, the trading and lending platform Celsius Network paused all withdrawals, citing extreme market conditions. Another trading platform, Coinbase, laid off nearly 20 per cent of its workforce warning of a potential extended "crypto winter." Some $2 trillion in value has been wiped out. Today, how that wipeout has been felt by one cryptocurrency investor. Plus, an explanation of why this crash is happening now, and what could be next, from New York Magazine business and economics reporter Kevin Dugan.
What this episode covers
After many months of hype, the cryptocurrency market is crashing. Last week, the trading and lending platform Celsius Network paused all withdrawals, citing extreme market conditions. Another trading platform, Coinbase, laid off nearly 20 per cent of its workforce warning of a potential extended "crypto winter." Some $2 trillion in value has been wiped out. Today, how that wipeout has been felt by one cryptocurrency investor. Plus, an explanation of why this crash is happening now, and what could be next, from New York Magazine business and economics reporter Kevin Dugan.
NOW PLAYING
Crypto is crashing. Why?
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.