How crypto's promised year-end fireworks turned into a bloodbath
The anticipated year-end rally in the cryptocurrency market has turned into a significant downturn, with major cryptocurrencies experiencing steep declines. Bitcoin and Ethereum, among others, have seen their values plummet, leading to widespread losses for investors. Factors contributing to this downturn include regulatory pressures, macroeconomic concerns, and a lack of positive market sentiment. Analysts had hoped for a rebound, but the current trend suggests a challenging environment for crypto assets as 2023 comes to a close.
Read the full article: CoinDesk