The 2022 "crypto iciness" differs from earlier crashes, partly because of the macro surroundings, the TerraUSD cave in, extra leverage, and contagion by the use of 3AC (CNBC)

CNBC:

The 2022 “crypto iciness” differs from earlier crashes, partly because of the macro surroundings, the TerraUSD cave in, extra leverage, and contagion by the use of 3AC  —  – Cryptocurrencies have suffered a brutal comedown this yr, dropping $2 trillion in worth because the peak of an enormous rally in 2021.