With the starting of this year itself, let alone the crypto market rather the markets across the world have suffered. Multiple reasons remain behind the situation to make up, from beleaguered macroeconomic situations, war between Russia and Ukraine, Federal Reserves interest rate hikes, looming threat of inflation and recession, all at once.
In crypto space, instances like Terra (LUNA) only made the crypto winter colder. Since the global crypto market reached its market capitalization last year, the crypto market has consistently dropped.
The markets are quite sensitive to the news all around and directly impact the crypto assets and stock price.
Downturns in the market or the crypto winters are not the new phenomenon at all. There were many instances where the market witnessed steep drops and then took back its place. Initially, leading cryptocurrency bitcoin (BTC) was there in the market which started the journey for crypto market.
In the year 2013, the overall market capitaliz
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