How similar is the recent crypto crash to 1929 Wall Street Crash?

January 28, 2022 01:36 PM AEDT

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The cryptocurrency market is witnessing a crypto winter phenomenon past few weeks.

* Federal Reserve interest rate hikes and Russia’s proposed ban on crypto trading have sent the market in a tizzy.

* As of 24 January, the global crypto market cap stood at almost half of what it was in November last year at US$1.54 trillion following a prolonged bearish trend.