The past month has witnessed an extreme downturn in the crypto market. The current market cap of the cryptocurrency sector sits at $947 billion, down from its all-time high of more than $3 billion.
As a result of impending recessionary fears, the overall macroeconomic climate, and industry problems experienced in the sector, retail investors globally are in large-scale losses. Major cryptocurrencies are down more than 80% from prior all-time highs.
