Crypto winter is a prolonged period characterized by a sustained and general drop in the price of cryptocurrencies which also hinders the enthusiasm for the industry. Is winter coming?
The crypto industry faces one of the most critical periods in its young history.
Bitcoin has lost 55% since reaching an all-time high of $69,000 in November 2021. Just a few weeks ago, the collapse of Terra, the second-largest DeFi ecosystem, left behind the most significant loss of wealth in modern history. Retail, institutional, and even corporate investors lost over $60 billion in LUNA and UST as the 7th and 10th largest tokens by market cap evaporated in a matter of days.
To make matters more complex, the correlation between crypto and stock markets reached an all-time high in 2022, the worst year for capital markets since WWII. The war in Ukraine, the highest inflation in 40 years, and current monetary policies are just a few of the headwinds favoring a bearish trend for the last six months.
The...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...