If it wasn't devastating enough for investors to see cryptocurrencies lose nearly $2 trillion in value since the height of the 2021 rally, analysts have predicted that the most recent plunge isn't a traditional market pullback. Instead of distinguishing between a market pullback and a longer-term decline, the industry has already shown signs of the more dreaded "the crypto winter."
For context, unlike last year's BTC plunge from $64,000 to $30,000, which occured in a matter of weeks, only to be followed by a stunning rebound to a new record of $68,700, the cooling prices evident in 2022 are making for much rougher waters.
To illustrate, consider the context. In 2022, there is broader economic uncertainty owing to the invasion of Ukraine, soaring inflation, and fears of a recession in major countries. Contagion has also spread through the crypto sector, with the collapse of the Terra blockchain creating a domino effect that hit a number of lenders and hedge funds. However, that...
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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...