Ethereum wicks under $500 on top futures exchange as market (finally) sags

The crypto market has developed massively since 2017 and 2018, with the introduction of complex derivatives products, regulation, and liquidity through prominent market makers like Jump Trading and Alameda.
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What makes the crypto market’s rise to $500 billion different from 2017?

The last time the total market capitalization of cryptocurrencies surpassed $500 billion, in December 2017,  the industry had no idea a world-shattering crash was waiting just around the corner.
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