How Much of the Market Meltdown Is Macro vs. Crypto Specific?

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nexo.io/get-started?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jun22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://near.org/?utm_source=Breakdown%20Podcast&utm_medium=Podcast"> <em><span style="font-weight: 400;">NEAR</span></em></a> <em><span style="font-weight: 400;">and</span></em> <a href= "https://ftxusapp.onelink.me/LKX9/breakdown"><em><span style= "font-weight: 400;">FTX US</span></em></a><em><span style= "font-weight: 400;">.</span></em><span style= "font-weight: 400;"> </span></p> <p><span style="font-weight: 400;">The crypto market just went through one of its most turbulent and brutal weekends in recent memory. In today’s episode, NLW looks at how much the broader downturn as well as these more recent moves are being driven by the crypto specific factors such as Terra, Celsius and Three Arrows Capital, versus being just part of a larger macroeconomic re-alignment. </span></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://nexo.io/get-started?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jun22"> <strong><em>Nexo</em></strong></a> <em><span style= "font-weight: 400;">is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at</span></em> <a href= "https://nexo.io/get-started?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jun22"> <em><span style="font-weight: 400;">nexo.io</span></em></a> <em><span style="font-weight: 400;">by June 30 and receive up to $150 in BTC.</span></em></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://near.org/?utm_source=Breakdown%20Podcast&utm_medium=Podcast"> <strong><em>NEAR</em></strong></a> <em><span style= "font-