In fact, the cryptocurrency market is trying very hard to get back to the previous position. The price of Bitcoin has risen slightly and the price of all alt coins has been rising steadily. This is definitely good news for the crypto market. Hopefully this crypto market will reach a very good position.
After bitcoin reaches it's price up to $12,300, it is now hard for bitcoin to rise up again and doesn't stays it's price from $11,700 again that the current price of bitcoin is $11,325.60. But since the DeFi projects are still in hype, most cryptocurrencies are now raising it's price and making the crypto market look good again.
And this is also temporary. I think that Defi projects just help the entire cryptocurrency market not to be dumped. This cannot continue forever.