It’s getting ugly out there.
Bitcoin is down over 8% this week and has fallen nearly 50% from last year’s all-time-high. The situation isn’t much better for Ethereum, down 5% over the week, while newer best-of-breed coins like Solana (SOL), Terra (LUNA), and Avalanche (AVAX) fell over 10% this week. Things haven’t looked this bad in a while, and it’s going to get worse before it gets better.
But don’t be alarmed. Like the meme of the dog in a bowler hat sitting in a house on fire: This is…
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