In 2022, we have:
- Macroeconomic pressures – US Federal Reserve was aggressive with its monetary policy
- TerraUSD collapse
- Celsius decided to pause withdrawals
- Three Arrows Capital was liquidated
- CoinFlex-’Bitcoin Jesus’ argument
- FTX crisis
With all this in mind, it becomes extremely easy to begin to understand why 2022 has been described as a bad year for the cryptocurrency sector.
But as 2023 approaches, what do you think about the trend for 2023?