Crypto Winter

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 need to be doing better. Theories of an extended “supercycle” bull market have expired and been replaced by acceptance of the “crypto winter.”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…

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…

In 2013, BTC investors had a perfect reason to panic as they saw the flagship crypto fall about 80%. After the crypto's price plunged, enthusiasts had to wait until 2020 to regain its previous highs. Thus, 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 low after a price crash occurs for long periods. Some individuals and organizations interested in the so-called…