Was 2024 The 12 months Cryptocurrency Died?
Cryptocurrency has always been unstable, https://hackmd.io/@markjonis/BJiG5GA40 says one economics knowledgeable who spoke with ABC Information. However 2022 was a stomach-churning, roller-coaster experience for traders and main players available in the market. The prices of in style cryptocurrencies plummeted throughout 2022. Furthermore, some cryptocurrency firms and their founders are dealing with bankruptcy and even the risk of imprisonment. Some specialists, together with David Yermack, a professor of finance at the brand new York University Stern Faculty of Enterprise, say crypto's free fall started after investors began promoting off digital assets in response to the Federal Reserve's interest fee hikes.
After these current events, it's changing into clear that the Wild West years...