Comparing FTX to Mt. Gox, Chainalysis said that the latter had a larger market share during its collapse than FTX.
The blockchain analytics firm believes that if Bitcoin survived during the Mt. Gox crash, there’s no reason it shall fail now.
The collapse of the crypto exchange FTX earlier this month has gripped the entire crypto space with huge fear. There have been talks in the cryptosphere that the falling of a giant like FTX could bring an end to Bitcoin and the overall crypto space. Besides, the fears have been exacerbated with Celsius Group facing a liquidity crunch and DCG coming into trouble.
With multiple factors into play, the question in everyone’s mind is will Bitcoin survive this tsunami? Alleviating some of these investors’ fears, blockchain analytics firm Chainalysis shares an interesting analogy.
This is a similar incident and the collapse of the crypto exchange Mt. Gox back in 2014. Being the first Bitcoin exchange, Mt. Gox was very popular in the early days of th

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