The precarious cryptocurrency market has been made worse by cryptocurrency lender Celsius' June declaration that it is banning withdrawals owing to "extreme market conditions." Following the market meltdown, crypto hedge fund Three Arrows Capital might possibly be insolvent. Three Arrows Capital has entered liquidation, worsening the crisis gripping the whole world's market for digital assets. Three Arrows was is also considering alternatives including the sale of assets or a firm's rescue.
https://news.sky.com/story/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation-12642402With the continuous downslide of the Bitcoin and the crypto market at large, is it too soon to say that we might likely be witnessing the end of it all?
Yes, we are witnessing the end but not for crypto. Many things will be ended by crypto. The unethical intervention of govt to our economy, one country's currencies sovereignty, force, and unreasonable tax implementation from the govt and many more. This all will be fade away once the whole society adopt decentralized economy.
Right now we are seeing some downside of it but that's normal. Gradually we will overcome this type of problems and the market will be more matured over time.