Cryptocurrency Q&A
What are some examples of contagion in crypto markets?
What are some examples of contagion in crypto markets?
Riccardo
Wed Jul 10 2024
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7 answers
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Could you elaborate on some instances of contagion observed in the cryptocurrency markets? I'm particularly interested in understanding how the performance of one cryptocurrency might influence the prices of others. For instance, have there been scenarios where the price crash of a major digital currency led to a ripple effect, causing a widespread sell-off across the entire crypto market? Or perhaps, have there been cases where positive news surrounding a particular crypto project sparked a bullish sentiment that lifted the entire sector? I'd appreciate any insights you could provide on this topic.
7 answers
Sara
Fri Jul 12 2024
One such instance occurred in 2013, when the Federal Bureau of Investigation (FBI) intervened in the operations of Silk Road.
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GyeongjuGlorious
Fri Jul 12 2024
Silk Road was a dark web marketplace that allowed users to buy and sell illegal goods and services anonymously.
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Giulia
Fri Jul 12 2024
Access to Silk Road was granted through the Tor privacy browser, providing a veil of secrecy for its illicit transactions.
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Rosalia
Fri Jul 12 2024
The FBI, in a major operation, shut down Silk Road and arrested its founder, Ross Ulbrecht.
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Valentino
Fri Jul 12 2024
Prior to the notable collapses of Terra and FTX, the crypto market had already witnessed instances of contagion spreading.
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