The crypto market has faced a significant drawdown this year, extending the decline that followed the October market crash.

However, in its latest market commentary, Grayscale Investments noted that now may be an appropriate time for long-term investors to consider allocating to crypto.

Grayscale Report Highlights AI’s Resilience Amid Crypto Market Decline

Grayscale highlighted that the crypto markets saw a notable decline in early February, following the downturn in high-growth software stocks and other equity sectors tied to early-stage technology. Market data showed that during the first week alone, the total crypto market cap dropped by around 10.8%.

The market experienced a notable decline towards the end of the first week, with…