Bitcoin Just Had Its Worst Month in Crypto's Entire History

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The Blockchain is still going through some rough patches. The month of June was the worst in 12 years for the value ofcryptocurrencies.

The good news is that. Three Arrows Capital has effectively collapsed after failing to pay a $670 billion loan, and widespread industry layoffs continue to plague the struggling market.

Culling the Weak

Some people think that these record lows are a good time to take down fallen coins.

"If your timeframe is a week, a month, or even a quarter, I think there's still significant volatility," Matt Hougan, chief investment officer at Bitwise Asset Management, told CNBC. This is a good time to think about entering the market if you have a time horizon that is measured in years.

Sam Bankman- Fried is the founder of exchange platform FTX. According to CNBC, Bankman-Fried is looking to acquire BlockFi for a low $25 million, which is 99 percent below the last private valuation.

Other CEOs are different in how they are handling the situation.

These are some big losses. It's possible that the market will rise like a phoenix from the ashes, but in the short term, invest in something you don't understand.

It just had its worst month ever.

Exchanges are secretly already insolvent.