Major Crypto Business Indicator Drops Below 11-Year Lows

But another trend looks even more dramatic: The monthly number of new cryptocurrency start-ups dropped to levels unseen since 2012 as a result of a 98% drop in the last year and a half.Collapse of the Crypto Bubble In the last five years, the metrics of new start-ups opened monthly registered two peaks: In early 2018, over 120 firms were opened in the U.S. to drive forward the crypto sphere, while in early 2022 this indicator peaked at 80 openings per month.

At the same time, the effect of the ongoing collapse affected various U.S. regions differently. For instance, in Washington D.C., the number of job listings witnessed only a pale 5% drop. For New York, a 36% reduction was registered.As reported by U.Today previously, some cryptocurrency heavyweights in the U.S. continued hiring officers of various segments even amid the most painful bearish season phase in Q4, 2022.

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