I'll have to agree with Franky1, the fall of FTX shook the news and had an impact on cryptocurrencies, but in my opinion, it was just a minor and temporary dent. Only a minimal percentage of cryptocurrency users were actually affected and the market is likely to recover back to $20,000 levels in a couple of weeks at most.

This should be a lesson to all of us including ourselves, firstly to not trust third party services and especially such coins that are backed with pure air.