Coinbase Warns of Potential Crypto Winter as Market Plunges

A recent report from Coinbase reveals a concerning trend: a possible crypto winter is brewing, driven by economic headwinds and market uncertainties. 📈 The total cryptocurrency market capitalization has plummeted to $950 billion, representing a stark 41% drop from its December peak of $1.6 trillion. This decline leaves valuations significantly lower than during the August 2021 to April 2022 period, indicating a sharp shift in investor sentiment. 📉