From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.
Is the future of cryptocurrency in jeopardy?
I can't remember a year where the future of cryptocurrency haven't been in jeopardy. It's normal but still, it's evolved to conquer the challenges of the times. I would say, we shouldn't be fooled by there focus on altcoins as that's just gor a start. There success in this round would determine what they joke yo archive when they turn there focus towards bitcoin.
Fortunately, there bans has always come down to nothing but, it might minimise the number of individuals that falls victims to crypto scams in the form of scam tokens and altcoins.
Let's be guided by this mischievous plan and not be fooled in our investment choices and the part we play in all these FUD.