In recent months, cryptocurrency has lost a lot of 'hype' and/or popularity among investors.
Fewer influencers on social media are spotted promoting crypto-related content, which could be due to the downfall of FTX, the company which many public figures promoted to their audiences.
24-hour trading volume for the largest crypto Bitcoin (BTC), has fell more than 50% when compared to the beginning of 2023.
Economist Paul Krugman criticized crypto, calling it useless and claiming that it is used by those engaging in 'illicit activities'. He went on to say that the technology appeals to mostly bank-skeptics and criminals.
by Natasha Briggs