What began as a macro-driven unwind on crypto Black Friday rapidly evolved into a market-wide stress event — underscoring how tightly coupled liquidity, collateral and oracle systems have become, writes CoinDesk Data’s Joshua de Vos.
Crypto’s Black Friday
What began as a macro-driven unwind on crypto Black Friday rapidly evolved into a market-wide stress event — underscoring how tightly coupled liquidity, collateral and oracle systems have become, writes CoinDesk Data’s Joshua de Vos.
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Institutions are starting to embrace crypto as a legitimate investment, helping drive mainstream acceptance and foster needed regulatory clarity.
Bitcoin Cash (BCH) was also trading lower, down 2.3% from Thursday.
Bitcoin Cash (BCH) joined Sui (SUI) as a top performer, rising 7.1%.
Stellar (XLM) was also a top performer, gaining 3.7% from Friday.