At the bookstore today I saw some book about the rise and fall of crypto. On the front cover it was saying crypto went mainstream in 2021 and then collapsed in 2022 culminating in the FTX collapse.
FTX collapsed back then and not bitcoin or cryptocurrency as a matter of fact, ever since after FXT collapse, we have some other experience related while some have already happened before FXT, the first experience MTGox, those are not the rise and fall of cryptocurrency but rather exchanges, you can't even compare the bitcoin volatility as the rise and fall or a prolonged dip as fall as the case may be.
The book was definitely partially about the FTX collapse, but it also referred to the entire market as having collapsed, hence the "Fall" part of rise and fall.
But it shouldn't have been crypto fall then, it's about scam or exchange fall, bitcoin never have such experience before and yet remain strong amidst the complicated volatile market.