The crypto ecosystem is crumbling down. As the Bitcoin rout continues, the token is now testing $20,000. Bitcoin is down more than 70% since peak in November. The world's largest crypto has fallen for nine straight days, the longest losing streak since 2014.
Even popular token Ether, is on the cusp of breaking the $1,000 mark after a 10% drop.
Layoffs, withdrawls, stuck redemptions and cryptic tweets have led to large speculation of a meltdown in the crypto universe that has been plagued by liquidity concerns and high inflation.