Moreover, no one knew how far Bitcoin would crash? Many people assert that because on the surface cryptocurrencies aren’t real things, they thus don’t have any tangible value. So in essence, there was no limit to how far down bitcoin could fall. And the dot-com crash After shows that there could be further pain ahead. Some crypto crashes are because of systemic issues within crypto, such as the collapse of FTX. The global crypto market witnessed a decline due to the top cryptocurrencies8217; prices dropping late Thursday and early Friday, which was led by Silvergate’s recent statements. The bank claimed in a regulatory filing on Wednesday that it was 8220;less than well-capitalized8221;. \
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