Crypto portfolios plummet by 80% in '23

DIGITAL assets have been under immense pressure in the early part of 2023. A combination of political and macroeconomic backdrops, including a rising US dollar, increased global tensions, and government regulations, has caused crypto portfolios to plummet. According to an analysis by BanklessTimes.com, the market is down by almost 80 percent.

The crypto market is experiencing a significant decline in value. However, there is long-term potential for digital currencies. Despite the shift in politics and macro, the crypto industry innovates and evolves. In turn, laying the foundation for a more resilient and stable market in the future.