FAQs for Column Crypto News

What happened to crypto?

Krugman underlined the vast scale of crypto losses over the past year. Bitcoin, the most popular coin, has plunged in value from over $68,000 to below $17,000. That fueled a roughly 70% plunge in the crypto sector's market capitalization, from over $3 trillion to below $850 billion.

What happened to crypto after the FTX collapse?

Figures from retail investor flows tracker Vanda Research show that inflows into crypto-related stocks and ETFs in the five days after FTX's collapse totaled $27 million, or a daily average of $5.4 million. That's down on the year-to-date daily average of $14.4 million, but still marks a positive flow.

How much did crypto inflows last week?

Yet figures from CoinShares, the biggest crypto trading group in Europe, show that inflows into digital asset investment products last week totaled $42 million, the most in almost three months.

Can the crypto industry survive regulation?

The industry's troubles show it has to be reined in, but stricter rules could mean it ceases to exist, Paul Krugman has said. "Recent events have made clear the need to regulate crypto," he said. "But it also seems likely that the industry couldn't survive regulation."

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