The blockchain and cryptocurrency market experienced substantial growth between 2017 and 2022, with a 339% increase in market capitalization, peaking at $2.9 trillion in November 2021. However, due to multiple interest rate hikes by the Federal Reserve, the crypto market declined to $1.1 trillion by May 2023. Despite this, the market cap remains significant compared to other financial assets. Bitcoin alone reached over $1 trillion in 2021, surpassing the value of various major global currenci...

The blockchain and cryptocurrency market experienced substantial growth between 2017 and 2022, with a 339% increase in market capitalization, peaking at $2.9 trillion in November 2021. However, due to multiple interest rate hikes by the Federal Reserve, the crypto market declined to $1.1 trillion by May 2023. Despite this, the market cap remains significant compared to other financial assets. Bitcoin alone reached over $1 trillion in 2021, surpassing the value of various major global currenci...