"Cryptocurrency Market Faces More Painful Decline Than FTX Collapse... Investors Disappointed"
Minseung Kang
Summary
- The recent cryptocurrency decline is analyzed to be more painful than the FTX incident.
- Analyst Miles Deutscher noted that this decline came at a time when an altcoin season was anticipated.
- Investors reported that losing hope is more painful than losing money.
Recently, the cryptocurrency market has been declining due to issues such as the Trump-induced tariff concerns, with analyses suggesting that this downturn is more painful than the collapse of FTX in 2022.
On the 7th, renowned cryptocurrency analyst Miles Deutscher stated on X (formerly Twitter), "I feel this decline is much more painful than the FTX incident," adding, "Back then, there was already no hope, but this time it came at a moment when we were expecting an altcoin season."
He added, "Losing hope is more painful than losing money."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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