Crypto Price Check: Bankruptcies Lead Sector Into Uncharted Waters – TheStreet | Vette Leader

Cryptocurrency enters new territory.

The sector has been hit by a number of damaging developments recently, including the bankruptcy of some key players.

“The crypto market is going through a profound deleveraging process,” said Winston Ma, managing partner of CloudTree Ventures and author of “The Hunt for Unicorns, China’s Mobile Economy and Investing in China.”

Bitcoin is up 1% to $22,318 at last check, according to CoinGecko, with Ether up almost as much to $1,489, while Dogecoin is slightly up to $0.067443.

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