Unpacking the dynamics of the Crypto quagmire

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As the cryptosphere reels from the recent near-existential disaster that hit one of the world’s biggest exchanges, FTX, players have called for calm among investors insisting that the market remains as stable as ever.

FTX, which enjoyed a whopping $32 billion (Sh4 trillion) valuation at the start of the year and fashioned itself as an industry pacesetter, has since gone down with an $8 billion (Sh978 billion) hole.

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Note: The results are not exact but very close to the actual.