The crypto market bears the scars of FTX’s collapse

The global cryptocurrency market remains in a crippled state, following last year’s collapse of major players including crypto exchange FTX. The former CEO of FTX, Sam Bankman-Fried, is on trial for seven counts of fraud and conspiracy. The sector’s prices, volumes, and capital investments are significantly below their 2021 peaks. Bitcoin has partially recovered, but market sentiment is far from its hype in late 2021.