Why the Huge Slump Was Necessary for the Success of Cryptocurrency

Dark clouds have hovered over the cryptocurrency universe for most of this year. Having risen to record highs in the last few weeks of last year, it was widely expected that cryptocurrencies would maintain their market values and even rise higher. Many analysts went on TV shows and predicted that Bitcoin’s price would approach $50,000 by the end of the first quarter, and the market supported those predictions. Anything But Rosy However, the market has been anything but rosy for cryptos since the year began. For the last three months, Bitcoin has been battling to stay above $7,000, and the other cryptos haven’t done