This would still be too early to say crypto industry is recovering, but it would recover for sure.
But this crash has proved that crypto industry is so volatile that even a single news or announcement is capable of crashing the entire industry or any specific coin.
But this crash has proved that crypto industry is so volatile that even a single news or announcement is capable of crashing the entire industry or any specific coin.
If a country said they would ban the stock market, you would see a huge crash in the stock market. You would not call it volatility. Several countries literally said they would ban bitcoin (or at least it was reported as such), so it crashed. Bitcoin is volatile, but that is not the cause of a crash. The cause of the crash is a threat to its existence.