At a time when crypto proponents are debating whether the crypto market has entered a bear phase, many wild theories flooded the internet to make sense of the crash.
The consumer inflation in the United States has hit record highs, and the upcoming Federal Open Market Committee meeting set for January 25–26 is expected to announce new interest rates.
Another theory that seems to have gained traction is a recent report from the central bank of Russia demanding a blanket ban on crypto mining and trading.