Retail investors are trying to bravely ride out this storm of falling prices, shrinking trading volumes and high taxes by buying blue-chip cryptos and stablecoins instead of meme coins. Venture capital firms and crypto exchanges are confident that the sector will pull out of this tough phase
When a week starts to appear too long for the market, you realise that there is a deep malaise. Volatility and uncertainty have become so constant in the cryptocurrency market space that the news of the collapse of the digital coins terra and luna eight weeks ago appears to be an indefinite period.
The phrase ‘crypto winter’ that is being used frequently by market intermediaries, investors, media and columnists is not fallacious even as the summer season pans across the Northern Hemisphere. It describes a bearish phase when prices collapse, with indications that they are likely to remain under pressure for months. It's a winter that is harsh and brutal.