Now i would like to very much like to blame Kwon for UST as he was warned several times about issues with it but he was just too arrogant and annoying to take the threat seriously. But if SBF had anything to do with this, then not only is he blamed for FTX crash and bear run after that, but he just might be the man behind the WHOLE current crypto downfall.
The whole downfall is due to one or two reasons then I am super happy. If you notice that market had recovered significantly after the announcement of tesla about discontinuation of BTC payment. It means crypto market had beaten the influence of negativity triggered by Tesla. But, all other negative news came in bearish year which is the reason market is still struggling to neutralize those influencing power. But, I am very much sure about bouncing back by beating all these negative news in next few months but for a new ATH we may need to wait for more than 24 months probably.