TechFlow news, October 18 — According to Bloomberg, as the cryptocurrency market recently plunged sharply, prices of certain altcoins dropped as much as 70% over the past week, wiping out billions of dollars in market value. Previously, Wall Street institutions had actively launched ETF products linked to various altcoins, but this market crash has exposed severe liquidity shortages and stability issues in these smaller crypto assets, with buy orders nearly vanishing when liquidity dried up. Analysts指出 that although Wall Street attempts to package these assets into regulated markets, much of the cryptocurrency sector remains as unstable as a "financial wild west."
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