Bitcoin Dips Below $21K; Why the Current Bear Market Differs From 2018

“The environment in the current crypto ecosystem vastly differs from the heyday of ICOs in 2018,” Singapore-based Danny Chong, co-founder of DeFi protocol Tranchess, told CoinDesk. “Market maturity has driven the need to establish stronger technological foundations to be laid which have enabled exchanges and DeFi protocols to provide a variety of products, with lending, bridging, and liquid staking abilities, to reduce price fluctuations.”