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So what happened? And is there any hope for a recovery? To answer both, you have to look at quite a few factors.

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Through instructions in their source codes, cryptocurrencies automatically adjust to the amount of mining power working to create new blockchain copies — copies become more difficult to create as mining power increases and easier to create as mining power decreases.
Using vast amounts of computing power, often manifested in private server farms owned by mining collectives that comprise dozens of individuals, miners use highly technical methods to verify the completeness, accuracy, and security of currencies’ blockchains. .

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The supply of a cryptocurrency depends on how many new coins are being mined and how many current owners want to sell their coins.
"While we expect the US Federal Reserve to adopt a soft approach to monetary policy going into 2022, timing a potential hike is not a simple thing.

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Regulation has come into play worldwide with the growth of the crypto industry. Over the years, the United States has increasingly stepped up its overwatch of the space. The Securities and Exchange Commission (SEC) cracked down on initial coin offerings, or ICOs, after the mania of 2017 and 2018. The Commodity Futures Trading Commission (CFTC) and other U.S. agencies have also engaged in various capacities.
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It was a wild ride for SafeMoon, with its prices exploding in the first few weeks before crashing down.

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Accessibility links Skip to main content Keyboard shortcuts for audio player Open Navigation Menu NPR Shop Close Navigation Menu News Expand/collapse submenu for News National World Politics Business Health Science Climate Race Arts & Life Expand/collapse submenu for Arts & Life Books Movies Television Pop Culture Food Art & Design Performing Arts Life Kit Music Expand/collapse submenu for Music #NowPlaying Tiny Desk All Songs Considered Music News Music Features Live Sessions Podcasts & Shows Expand/collapse submenu for Podcasts & Shows #NowPlaying Tiny Desk All Songs Considered Music News Music Features Live Sessions About NPR Diversity Organization Support Careers Connect Press Ethics The push to regulate cryptocurrency could cause friction in Congress As the popularity of cryptocurrencies such as Bitcoin explode, the Biden administration is laying the groundwork for heavier regulation, and that could spark a big fight in Congress. subscribe to The NPR Politics Podcast podcast NPR One Apple Podcasts Spotify Google Podcasts RSS link The push to regulate cryptocurrency could cause friction in Congress Facebook Twitter Flipboard Email Listen · 3:55 3:55 Toggle more options Download Embed Embed

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