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

The Visible Bankruptcy

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

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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