Coinbase CEO Warns of 'Contagion' After Bitcoin and Ethereum Price Crash

The value of cryptocurrencies, including bitcoin and ethereum, has decreased significantly this year.

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[{"selector":"#anim-017f265e-69a1-42ee-bd1f-02cb3f4376c0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5ee953f5-f0be-4ded-b4ca-974cd9abb740 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Brian Armstrong, the CEO of Coinbase, has warned that there may be further negative consequences from the collapse of rival exchange FTX.

[{"selector":"#anim-6b5d0bd3-4f0d-41fb-987a-a099138aa5be","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f74c1ad1-b633-4a0e-87d0-afd57460f69c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Despite the current market situation, some experts have made bullish predictions about the price of bitcoin in 2023.