AFTER the relentless hype about Bitcoin and other cryptocurrencies such as Ethereum, Solana, Dogecoin, LUNA, etc., for the last couple of years, we are now witnessing their complete meltdown. The hype was primarily driven by eye-popping increases in valuations of all the major cryptocurrencies. Bitcoin had gone from around USD 4,000 to USD 64,000, a sixteen fold increase, in 20 months. Other cryptocurrencies had even more ridiculous price increases in the same time period – Ethereum had a 50 fold increase, Solana 500 times, and LUNA had a 1,000 times increase.