Why is crypto down in 2022? Fact Check – Katoch Tubes

why is crypto down? Fact Check

What's happening now?

Crypto is down to $965 billion from all time high of over $3 trillion. $300 billion wiped in 2022.

How it all started?

It stated with Russia Ukraine war which recovered intermediately but didn't stop after April.

The LUNA Crash

It was a normal market correction until May 9th. After LUNA fall, it worsened

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The Visible Bankruptcy

Leading crypto giants fell apart in the bear market including Celsius, 3AC etc

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The Pain of Inflation

Increased inflation refrained investors from investing in cryptocurrency. Adding insult to the injury

Regulatory Pressure

Unclear crypto regulations refrained users from investing in cryptocurrencies & other digital assets

Will the market recover?

Yes, it's part of the economic cycle. Things will take time but the market will recover.

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