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The cryptocurrency ecosystem is facing a wave of cuts since the crash

It’s time to dump her and move on. In the context of global stock markets և in the context of investor risk aversion to inflation և tightening monetary policy, the crypto universe continues to decline into hell. On Monday, bitcoin fell below $ 23,000 (the low of 2020, which is far from the peak of $ 69,000 in November 2021), pulling almost all other cryptocurrencies. The storm caused the American giant Coinbase to lose 10%.

The next day of this dark day, the exchange platform announced the elimination of 18% of its workforce, or approximately 1,100 employees. “It seems we are entering a recession after more than a decade of economic boom. “This difficult decision has been made to ensure that we remain healthy in this downturn.”acquitted on Tuesday by Brian Armstrong, co-founder տնօրեն CEO…

Source: Le Figaro

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