Crypto wrap: Amid a volatile week, experts want regulators to collaborate

On Friday, the crypto market cap was above $871 billion with Bitcoin trading at $17,301 and Ethereum at $1,271

Following a turbulent week in the cryptocurrency world, the experts want all the regulators to collaborate and the investors to educate themselves to understand the intricacies of the market.

"It was a highly volatile week for crypto markets; a series of seismic events led to the collapse of the second largest global crypto exchange, FTX. Combined with the continuing deterioration of the global macroeconomic conditions, signalled by the massive Tech lay-offs, the crisis at FTX triggered extreme churn in the crypto markets," Parth Chaturvedi, crypto ecosystem lead at trading platform CoinSwitch said.

"Regulators worldwide must collaborate more with the industry