Crypto Market Crash: Is It A New-Age Money Crisis?

What Defined 2022? Crypto Winter Set In Early Cryptocurrencies, which were buoyant in 2021, lost their charm in 2022. From $67,000 in November 2021, Bitcoin, the largest cryptocurrency, is down to $16,000. Other coins are also down massively from their peaks of pre-Crypto Winter Withdrawals Halted In June 2022, Binance, the world’s largest crypto exchange, paused Bitcoin withdrawals due to network congestion. They suggested the use of BTC-BNB or BTC-ETH trading pairs to exchange their Bitcoin and withdraw until they fix the problem. Apart from these, several other major crypto exchanges, such as CoinDCX, CoinswitchKuber, WazirX, Bitbns, and Unocoin halted their deposits and withdrawals for some time in 2022. Most of them, however, lifted the restrictions later Binance-WazirX Brouhaha When the Enforcement Directorate (ED) started a crackdown on WazirX, and froze its...