Is the crypto market crashing?

The crypto crash isn’t exclusive to just crypto. The Dow Jones Industrial Average, a key stock index, entered a bear market in mid-June 2022. In the first week of July, the S&P 500 officially entered a bear market. The crypto crash is being felt across the industry, beyond the losses investors are experiencing.

What did the crypto crash teach us this week?

The crypto crash taught many lessons this week. Even the top altcoins like Terra can suffer overnight losses and struggle to survive. The idea behind decentralized algorithm stablecoin, such as TerraUSD, looks fascinating, but it needs a better strategy.

What happened to cryptocurrency in May?

The cryptocurrency world has had a rough May so far. Since the start of the month, cryptocurrency has lost $600 billion of value. Bitcoin dropped to prices that haven't been seen since 2020, briefly dipping as low as $26,000 — though prices are currently sitting at around $30,000 as of today.

Does Crypto have a past?

While the stock market has a lengthy history of ups and downs, with stock exchanges first starting up in the U.S. in the late 1790s, according to the Library of Congress, crypto does not have such a past to draw from. Knowing that the stock market has experienced multiple bear and bullphases over the centuries gives investors peace of mind.