There is no consensus definition on what constitutes a crypto winter, but crypto prices are considered an essential indicator. With bitcoin price as a benchmark, there have been five crypto winters from 2017 to August 2022.
A variety of factors can contribute to the onset of a crypto winters. Both external and crypto-specific factors can play a role, including tightening regulations, interest rate hikes, worsening macroeconomic conditions, and financial market contagion that have all been associated with past crypto winters. In each case, there can be a specific set of catalysts. The mid-2022 crypto winter, for example, is believed to have followed the collapse of several prominent stablecoin and crypto lending projects and disruptions across the DeFi space.
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The interval needed for a blockchain transaction to be approved and added to the ledger.
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