The bear-market brings with it some rare positive consequences, as well as negative ones, of course: crypto scams are declining right now.
This is what the on-chain analytics company Chainalysis notes, according to which they were reduced by as much as 65% in the first half of 2023.
Bear-market causes crypto scams to decline
The real bear-market of 2022 began just over a year ago, namely in May 2022, with the implosion of the Terra/Luna ecosystem that generated the first collapse of crypto markets.
To be fair, crypto market capitalization had already started to fall earlier, after the speculative bubble of late 2021, but without collapsing more.
After peaking at nearly $3 trillion in November 2021, by March 2022 it had fallen to $1.7 trillion, but by April it was climbing back up to nearly $2.2 trillion.
Instead, in May it plunged to 1.2 trillion, and in June it even fell to just over 800 million. The lowest peak of the bear-market was in November 2022 below 780 million.
S
We współpracy z: https://en.cryptonomist.ch/2023/07/16/crypto-scams-decline/
