Feeling the chill: What is the ‘crypto winter’?

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With Bitcoin losing 65% of its value since its all-time high in November 2021, the global cryptocurrency market falling below $1 trillion, and layoffs on the horizon at major cryptocurrency firms, in recent weeks, all industry indicators have been showing red. So much so that there is now talk of a “crypto winter.” Could the cryptocurrency market be fizzling out, or is it just going through a bad patch? The sector is clearly contracting, after an incredible rise in 2021. Experts are now even talking about a “crypto winter,” a nod to the series “Game of Thrones” and the House Stark motto, “wint…

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