Since the beginning of December, the cryptocurrency market has experienced a severe slump in prices. This is the flagship cryptocurrency token ().BTCAccording to data from Data From, a Flash Crash occurred on December 4, when the price for the token was below $50,000. Cointelegraph Markets Pro.

As the market became more red, this phenomenon was evident among most cryptocurrency tokens. Ether (ETHAs Ether experienced a 19% price fall, ), became the preferred network and token for most Decentralized Finance (DeFi) protocols.