The term crypto winter was popularized by Eugene Etsebeth, a venture capitalist, in 2018. Crypto winter is a period when the majority of crypto assets saw significant price drops. In a condition like this, demand for crypto assets experiences a sharp decline.
In recent times, this condition has occurred several times. 2021 – 2022 is arguably the worst period. After reaching an all-time high of US$68,000 in November 2021, the price of Bitcoin continues to fall, even to a level of US$15,000. Previously, this winter also occurred in 2018-2020.
The factors that cause crypto winter itself are various. It could be from external factors such as market crashes or overregulation by governments. It could also be from internal factors such as significant issues in the industry (exchange hacks/breakdown and rug pull).
Besides this condition, there are various factor that causes a fall in crypto prices