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Bank runs, crypto exchanges and suspended withdrawals

Financial Regulation International

Bank runs, crypto exchanges and suspended withdrawals

As the world of crypto continues to storm ahead, one issue has never been addressed or even considered. In May 2021, the crypto markets saw darkness and torment with Bitcoin and other cryptoassets trailing back 50 per cent in value from their May 2021 highs. We saw Bitcoin rally to $64,000, 1 Ethereum hold at $4,300, 2 and other assets setting new market highs. A week later, we saw these assets price below 60 per cent their initial highs. Participants were shaken, and the world erupted from its irrational exuberance with Bitcoin pricing at $30,000 and Ethereum sitting at $1,730.

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