The Current Market Turmoil Putting Crypto Jobs At Risk

This bearish period is nothing like I have ever witnessed ever since I joined the crypto space. The primary coin which is bitcoin has actually taken a turn in which other alternative coins in the ecosystem has follow suit. We saw the market pricing movement for bitcoin from $60k down to selling under $20k which was couple of years all time high, well Ethereum saw the same fate as it is currently trading below $1k. Not only the cryptocurrency market has suffered this turmoil even up to socks is also suffering the same fate, are we above to experience another recession? Well from the look of it we might possibly be experiencing such.

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Crypto Market Turmoil Costing People Source Of Livelihood

The instability of the crypto has put in a position that it should be place as a mail Chanel for your income for your day to day activities, the recent bearish market has cost some people their jobs especially those who is found themselves around blockchain technology. With crypto exchange laying off their staffs amidst the current market, such of these exchanges is BitOasis which was reported to have laid off 5% of their staffs due to the market current situation other crypto exchanges such as Coinbase, bybit and crypto.con also has also followed suit by laying off their staff amid market pullback.
From a tweet;

According to sources, the proportion of layoffs is expected to be 20% to 30%, with some partial layoffs as high as 50%. Bybit has grown from hundreds to over 2000 in 2 years.
— Wu Blockchain (@WuBlockchain)

Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity.

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