“Bitcoin has finally begun to turn stale" - Harjot Kaur

The most widely used cryptocurrency in the world, Bitcoin, has recently become much less volatile, fluctuating around $20,000 (￡17,300). Although big tech firms are experiencing wildly fluctuating valuations, this relative stability may actually be a positive, according to CNBC. According to Vijay Ayyar, head of international at cryptocurrency exchange Luno, "Bitcoin being stuck in such a range does make it boring, but this is also when retail loses interest and smart money starts to accumulate." This year, the value of cryptocurrencies has fallen by $2 trillion since the peak of the 2021 rally.

Is the current crypto winter long-term beneficial or detrimental to the sector?

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