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What Are The Main Reasons Behind The Downfall Of Cryptocurrencies in 2022?
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[QUOTE="Shaf, post: 289273, member: 25467"] The cryptocurrency market is going down simply because it was time for that to happen. Markets have phases they go through every cycle, and after every bull run comes a bear market. We had a long period where prices went wild, pumping without limits sometimes. Whatever goes up, will surely come down soon enough. There were catalysts for the downtrend, like the fall of Luna, the war between Russia and Ukraine, the worsening macroeconomic conditions worldwide after COVID were all factors that increased the speed at which it happened. This and many other unforeseen events will continue to fuel the downtrend and disinterest in the crypto market. The downfall of FTX just made a bad situation worse and investors are loosing confidence in the entire cryptocurrency market, not just specific projects. This is the time to learn, plan and DCA into the strongest projects while waiting for the bull again. It's common that the bull starts after the Bitcoin halving which is expected to happen in 2024. [/QUOTE]
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What Are The Main Reasons Behind The Downfall Of Cryptocurrencies in 2022?
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