The state of the crtyptocurrency market depends a lot from economic situation in the world.
Now inflation in many countries is so big that many people prefer to use cryptocurrency as an alternative for investment.
I think the current world market situation is being affected by the war. Most of the European countries that are involved in the dispute in providing sanctions against Russia will certainly have an impact on the ban on imports of oil or energy materials from Russia.
if this situation continues it will certainly be serious for a country's finances. but making crypto an investment asset is not a solution. it won't change anything. The adoption of crypto for legal transactions that will develop crypto will be even greater. transactions will experience a large increase.
but now things are different. the market is in a downtrend. this will not be good as there is some negative news regarding crypto assets.