It has been nearly two months since FTX collapsed, but the ramifications following the debacle continued to unsettle sentiment and price performance.
Bitcoin’s four-year halving cycles, which produced growth in specific years, may face difficulties. The year of the next halving, 2024, was increasingly expected to be a period of bullish price action, with some predicting that the uptrend would begin a year earlier, in the second quarter of 2023. ARK Invest CEO Cathie Wood, another prominent voice from the crypto industry, took to Twitter to state:
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