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Crypto Loses Major Support

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Crypto Loses Major Support

B
Benzinga

180 Views • Nov 14, 2022

Description

Institutional investors and money managers are backing away from cryptocurrency investments as a portfolio diversifier citing that the market structure is too risky and the losses are too great. The recent revelations that FTX, a trusted exchange in cryptocurrency, used its investments to fund Alameda Research have caused cryptocurrency to lose credibility. Some investors say that crypto prices could plunge again as more investors sell off their assets.