It’s been a brutal year for crypto investors. After an extended market rally saw the global cryptocurrency market capitalization top $3 trillion in late 2021, Bitcoin and other digital assets have been battered by macroeconomic turmoil, suffering a decline that’s sent many of last year’s new crypto adopters running for the exit. Today the space is worth just under $1 trillion, with Bitcoin and Ethereum both trading over 70% down from their all-time highs.
But while this year has tested even the most ardent crypto believers, early adopters have become used to extreme volatility in both directions. Crypto has historically boomed roughly every four years as new entrants discover the technology and hype builds, but it’s always suffered from severe crashes after the market euphoria hits a peak. These downturns have become known as “crypto winter” phases, characterized by significant declines in market activity and interest, project washouts, and extreme selloffs. Although few crypto fans...
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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...