Despite all of the drama with FTX:
-Apple pay added USDC support
providing an easy on-ramp for 500mil+
-Gaming juggernauts like Riot games are building in web 3.
-Billion dollar brands are incoming to the space.
Crypto is here to stay.
Despite so many good news that have come to the crypto but none of these news were creating the hype. The bad news were still dominating the crypto market. I think that the latest news came from the genesis has been ruining the crypto market again, lending platform keeps halting user's money. This may make people starting to distrust the crypto market. I thought that if the trust will not come easily to the crypto market again. The bad news has been dominating everything.
Bitcoin is not so strong to handle it. It's not easy to attract the billions dollars that have been going away from the cryptocurrency.
I believe the impact of those positive goods will react to the market very soon it's like the bad news overrides the goods news, however I am optimistic that the much needed hype that will trigger the bullish runs is imminent and with the upcoming halving of bitcoin in 2024 is another positive news indicating a better days ahead for crypto hodlers and enthusiast, we had it worse few years ago particularly in the wake of Covid-19 pandemic when the price of cryptos dumped massively, thereafter the price rebound and pumped massively to an ATM of $60K I believe the market will show a similar Price Action again.