"Where is the crypto market heading?"

The recent crypto market plunge and the subsequent bear market have made many investors very skeptical of its long-term outlook and growth opportunities. However, Aaro Capital’s CEO Peter Habermacher argues that it is far from the first such bloodbath for the crypto market.

Following the all-time highs in the crypto market in November 2021, the crypto market plunged further in May and June 2022 and hit mainstream media for all the wrong reasons. This market plunge and cascade in selling was driven by the LUNA stablecoin collapse and resulting knock-on effects. This caused large losses for some major crypto market players, the biggest being Three Arrows Capital, a crypto hedge fund, which at its peak managed more than $15bn.

Read the full article at: https://www.valuewalk.com/where-is-the-crypto-market-heading/ (Please note the paywall)