Crypto Winter 2022: When Will Bitcoin Bottom?

During the November rally, crypto exchange CEOs and price analysts were confident that Bitcoin would soon reach $100,000. It didn’t come close. Today, it trades for under $23,000 – 67% down from its all-time high. Fear is in the air. Crypto companies are failing left and right. Theories of an extended “supercycle” bull market have expired and been replaced by acceptance of the “crypto winter.” The only question that remains is: when will it end? Read below to learn what…

Gemini Downsizes Staff To Weather Crypto Winter

The exchange will lay off approximately 10% of its staff.   Gemini has announced that it will discharge about 10% of its staff as it prepares for the approaching crypto stasis. Winter is Here, Say the Winklevoss Bros. In a blog post, on the second of June, the crypto exchange and custodian announced the news of the impending downsize to its employees. The company's CEO and President both reiterated that they consider people to be their most valuable asset. While…

What Does “Crypto Winter” Mean?

In 2013, BTC investors had a perfect reason to panic as they saw the flagship crypto fall about 80% down. After the crypto's price plunged, enthusiasts had to wait until 2020 to regain its previous highs. Thus, many could say that until 2018, the digital currency market was experiencing a crypto winter. Crypto Winter refers to a period whereby the prices of Bitcoin and other digital assets remain at low levels after a price crash occurs for long periods. Some…