Since the beginning of December, the cryptocurrency market has experienced a severe slump in prices. This is the flagship cryptocurrency token ().BTC(), suffered a sudden crash Dec. 4 where the price of the token dropped below $50,000 within two months. Data from Cointelegraph Markets Pro.

As the market became more red, this phenomenon was evident among most cryptocurrency tokens. Ether (ETHThe network (or token) of choice for most decentralized finance protocols was (or is). Ether saw a 19% drop in its price.