- Many are debating whether there is any steam left in the sector or if this is the end of crypto
- 3AC hedge fund is reportedly facing liquidity concerns, and Celsius has suspended withdrawals
- A negative price trajectory phase has gripped almost all assets that provide variable returns
The crypto market is reeling from multiple jolts. The total market cap has dropped below US$1 trillion, which suggests the bloodbath has gripped virtually all cryptoassets.
This sordid state of affairs has prompted many crypto enthusiasts to wonder if crypto’s days are numbered. The end of crypto is now a trending topic, with arguments swirling from both sides. Before we jump to any conclusion, it is critical to take note of some late developments. Besides, a broader view of the variable-return asset market can also help arrive at a logical conclusion.