It’s been a tough year for risk assets across the board, and it’s fair to blame the macroeconomic situation.
In these turbulent waters, crypto assets were severely harmed.
After removing the effect of the two outlier dates, we land on a negative return of 15.5%, which can be labeled as pure crypto performance.
Well, if you call it a winter, you probably live quite near the Equator line.
The chart below shows the alternative trajectories implied by the model: All of these statistical gymnastics are great, but what does it mean for investors who have witnessed half of the market melt down?
There is growing adoption of nonfungible tokens (NFTs) and other forms of digital culture, and so on.

Source - Coin Telegraph
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