(BTC) and most major altcoins continue to witness a bloodbath on Jan. 21 and the result of the most recent downturn has been a $200 billion reduction in market capitalization.

Huobi Research and Blockchain Association Singapore have released a brand new forecast. Bitcoin will enter the bear market by 2022. It is possible that the U.S. Federal Reserve or other central banks worldwide will tighten liquidity and take regulatory action to keep crypto prices in check.