Crypto Crash Meeting on Valentine’s Day
- The cryptocurrency market has been declining since the beginning of 2023.
- The Senate Banking Committee is holding a hearing on February 14th to discuss safeguards for the financial system against digital assets risks.
- Congress had a meeting to discuss what Washington should do in the wake of the FTX collapse, but there are still differences of opinion over how cryptocurrencies should be regulated.
A ‚Crypto Crash‘ Meeting Will be Held on Valentine’s Day! Here’s What Traders Can Expect
The Declining Trend in Cryptocurrency Market
The market for cryptocurrencies started to rise at the beginning of 2023, however, the overall prognosis is still uncertain because of the ongoing economic downturn. Nevertheless, it is now safe to say that the cryptocurrency market had a declining trend in 2022. For instance, the recent collapse of FTX, a Bahamian cryptocurrency exchange established by Sam Bankman-Fried, has created a significant deal of uncertainty in the cryptocurrency industry.