New year brought a dramatic downfall of the cryptos. The largest digital token had fallen 50 per cent from its peak. Many other cryptos followed suit. In futures position of cryptos, there was a fall $1.1 billion and more than $1 trillion of the market value had been destroyed. It is not certain where the battering would end. It is really risky to be a crypto investor.

Still optimism prevails amongst crypto fans that better times would come back. The US might release a strategy for digital assets. Federal agencies may assess the risks and opportunities the digital assets pose.

Bitcoin’s fall since its November 2021 high has obliterated $600 billion approximately, and $1 trillion from the overall crypto market.