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Crypto just existed through its first global recession. All bets were off, and analysts were expecting the first *true* crypto crash. But it didn’t knock the wind out of even the softest hodlers.

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by COINS NEWS 95 Views

Do you remember the beginning of 2022? We were fucking doomed.

We had just reached $63,000 BTC and the price was falling but seeking stability around $40,000.

Then Putin invaded Ukraine, the energy crisis began and the inflation rate hit the roof.

Then TerraUSD (UST) collapsed. A stable coin depending on algorithm controlling of its supply and USD to back it up further. That didn’t help though. It created a domino effect crashing its sister coin Luna as well.

Then there was the downfall of FTX. One of the worlds biggest exchanges, with Super Bowl ads and main sponsor of Formula 1

Moreover, somewhere during these, the Federal Reserve began to raise interest rates to battle high inflation. So everyone of us had to deal with increasing interest rates on top it all.

But despite all bets being off, Bitcoin and Ethereum are leaving the S&P 500 in the dust, up around 70% and 50% year-to-date. The hodlers did not sell and we will soon harvest the profit of our DCA.

submitted by /u/MyWayToTheTop
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