I've heard about it and learned that the crypto market has had a topsy-turvy week when a flurry of negative news about Celsius and Three Arrows Capital's performance caused a "chain effect" on the market. The market panicked, sending the prices of Bitcoin, Ethereum, and other major altcoins to their 2022 lows. Perhaps these are not the last victims we will see, as the situation is not very good for the market. general economic markets as well as crypto.
Well, this is not new but this is always the case that happens whenever there are set of negative events, it will then impact the market also in a bad way making the prices plunge. It's only sad though that these negative events come when we are still in bear and this had totally worsen the situation. I think that even the experienced ones are now starting to doubt about the credibility of the cryptocurrencies but let's just hope that they will hold on because we still believe that this poor market can recover.
The price of the sETh was still at 0.95 and I think that was still close to 1 eth so people shouldn't panic immediately as what they think can be wrong and it is already said that " 1 sETH is always 1 ETH redeemable after the proof of stake merge" and I think the merge didn't started yet?