We are now in the midst of a deep crypto winter, one which some analysts say is the worst on record.

Ethereum is now trading at around $1,900, more than 50 per cent below its August 2025 peak, while Bitcoin is down around 25 per cent year-to-date.

Crypto surged in 2025 amid a favourable climate, with a supportive administration in the White House expected by some to spark a historic rally.

And while a number of cryptocurrencies hit new all-time highs last year, they have since surrendered the gains and are now, in many cases, trading at multi-year lows.

This extended period of poor performance is known as a crypto winter, and this one has seen trillions wiped off of crypto’s market cap.

The slump has been so…