Ever since Bitcoin [BTC] and other cryptocurrencies hit their all-time high, they witnessed a massive plunge in terms of their price and market cap. This reverse trend of the cryptocurrency market left a majority of the investors and traders devastated as they believed that the value of the coins would continue to skyrocket.
Now, it’s been over a year since all the currencies reached their ATH and since then, a majority of the coins have lost more than 90% of their value. Bitcoin [BTC], the largest cryptocurrency by market cap, has lost over 80% of its value and Ethereum [ETH], the third largest cryptocurrency has lost around 92% of its value when compared to their all-time high. To add on, some market investors speculate that crypto-winter has just begun and that it is going to last longer than the previous one. However, some investors and market players have turned even this bearish market to their advantage.
According to a report by Bloomberg, there is a rise in a practice…
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