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The last crypto winter lasted nearly three years, followed by tremendous growth. Digital currencies gained mainstream attention during this growth cycle, partially because they were becoming readily available to the average consumer. Fintechs made access easier, and new investors flooded the market resulting in even more momentum.

Today, we’re facing another winter, and not just for crypto, given the lack of economic stability, inflation and rising interest rates. Analysts say that crypto winters usually begin when there is a steep sell-off from an all-time high in the price of Bitcoin, the world’s largest digital coin by market capitalization. It’s hovering around 30% of the November all-time high (over $67,000). Indeed, most digital currencies have suffered brutal declines, losing $2 trillion in value since the height of 2021.

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