Crypto Crashing: the test of endurance.

Recently, there has been a downward trend in the cryptocurrency market. According to CoinMarketCap, the value of the cryptocurrency market declined by 11.8% in a 24 hour period. This price crash culminated in a loss of over $350 billion in one day. Bitcoin and Ethereum, the two top digital assets by market cap, have each witnessed over 40% decline in price. This massive drop is coming barely two months after the market value of the cryptocurrency market increased to $2.94 trillion following Bitcoin’s rise to an all-time high of approximately $69,000 in November 2021. In recent days, the…