In simple terms, cryptocurrency is a digital token, ownership of which is recorded on a blockchain, a distributed software ledger that no one controls. This is designed to make it more secure, in theory. bitcoin and ethereum are the two most widely known cryptocurrencies, but more than 18,000 tokens are traded under different names (dogecoin is one famous example). Binance Suspends Bitcoin Withdrawals for Second Time in 12 Hours In the crypto winter of 2022, a series of unfortunate events triggered a domino effect of financial losses that led to a disintegration of investor confidence in cryptocurrency. In May 2022, the TerraUSD and Luna stablecoins crashed, taking billions of dollars of investor equity with it. That crash led to a crisis of confidence in the overall stability of the cryptocurrency markets, dragging down the values of the market overall.