Markets.News
Bitcoin and Ethereum are recovering from a significant downturn in the crypto industry, with prices of BTC and ETH dropping by over 16% in the past month due to geopolitical uncertainty and capital movement towards AI-focused companies. Eli Ben-Sasson, co-founder of StarkWare and creator of Zcash, referred to this as the "worst crypto winter" he has seen since joining the industry in 2013. Despite the recent price improvements and increased institutional interest, Ben-Sasson believes that the crypto market is still facing an existential crisis. He highlighted that the market recovery is mainly driven by macroeconomic factors rather than specific industry events. For more details, visit Benzinga.com.