Is the Crypto Winter Over for Bitcoin?
Anyone who has been keeping tabs on the latest Bitcoin news over the past few months will have witnessed the digital currency’s dramatic fall from grace, either with interest or trepidation. In just a few months, Bitcoin’s value plummeted from a record high in November 2021 to an all-time low the following June, when it fell below its ‘floor’ of $20,000. This drastic drop in value was not limited to Bitcoin, however, and formed what is known in digital currency parlance as a ‘crypto winter’ – or, less evocatively, as a ‘bear market’.