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Feb 1, 2023

Is Crypto Coming Back? Nope.

by Wynn Quon
Like all bubbles, cryptocurrency had to have a moment of reckoning. Since hitting a peak last November 2021, Bitcoin has fallen from US$64,000 to around US$22,000, a plunge of 64%. Ethereum has plummeted from US$4800 to about US$1600. Other cryptocurrency has fared worse. Cardano and Dogecoin have seen brutal drops of 80% from their all-time highs. Crypto fans call this a crypto “winter”, merely a seasonal patch of bad weather, they say. People just need to “hodl”...
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