Tuesday, June 25, 2024

Ethereum Co-Founder Announced The Beginning Of The Crypto Winter

The crypto market is plunging into a global downtrend, says Vitalik Buterin

Ethereum co-founder Vitalik Buterin said in an interview with Bloomberg that the crypto winter has begun in the crypto market.

However, according to Buterin, there is a positive factor in the decline of cryptocurrencies. The global downtrend helps clear the market of low-quality and unreliable projects, the developer explained.

“During the crypto winter, many projects fall apart and it becomes clear who is focused on a long-term result, who has a clear development plan and a reliable team,” Buterin said.

On February 21, Ethereum is traded at $2750 . Also on February 21, the price of Ethereum decreased to $2650. In early January, the cost of Ethereum for the first time since July 2021 decreased to $1825 . the asset has updated its historical maximum above $4800. Since then, it has fallen in price by 34%.

Last week, JPMorgan chief global strategist David Kelly warned crypto investors of huge losses. According to Kelly, the cryptocurrency market will continue to fall as the US Federal Reserve raises interest rates. the Fed’s actions will end the era of “crazy speculation” in the digital asset market, Kelly said.

Related Articles

Stay Connected


Unveiling the Top Performers: A Look at Binance Launchpool Most Successful Projects

Binance Launchpool, Cryptocurrency Investment, DeFi, DEX, Blockchain Technology, Sui (SUI), Notcoin (NOT), Sei Network (SEI), Ethena (ENA), Beam (BEAM), Tokenomics, Market Research, Portfolio Diversification, Decentralized Finance, Decentralized Exchange, Content Ownership, Mimblewimble, Crypto Privacy, High-Risk Investment, Yield Farming, Staking, Binance
Binance Launchpool, established in September 2020, has become a launchpad for innovative crypto projects. This platform allows...

Is Bitcoin Still the King? A Look at Its Dominance and Future Potential

Bitcoin, Cryptocurrency, Investment, Performance, Michael Saylor, Blockchain, Altcoins, Market Capitalization, Future Growth, Regulation, Institutional Adoption, Technological Advancements, Price Prediction, Investment Risk, Financial Advisor, FAQ, Crypto Market, Digital Assets, Financial Landscape, Market Trends,
Bitcoin, the first and most recognizable cryptocurrency, has taken the financial world by storm. But with its...

Latest Articles


x  Powerful Protection for WordPress, from Shield Security
This Site Is Protected By
Shield Security