crypto winter

plural crypto winters

1. businessA slump in the cryptocurrency industry.

   The combination of a crypto winter and a weak stock price provides a less futuristic and more tangible rationale for [Jack] Dorsey’s cuts.

   2026 March 3, Blake Montgomery, “What was really behind Block’s Jack Dorsey laying off nearly half his company’s staff?”, in The Guardian, →ISSN

   4 more examples

   Andreessen Horowitz, a prominent venture capital firm and one of the key financial backers of the cryptocurrency sector, said on Tuesday that we may be entering a “crypto winter”, echoing a warning from the Coinbase chief executive, Brian Armstrong, that valuations may be depressed for some time.

   2022 May 18, Alex Hern, “Crypto crash unlikely to reduce its climate impact, expert says”, in The Guardian

   The twins announced in a blog post on Thursday morning that the industry is in a “contraction phase” known as “crypto winter,” which has been “further compounded by the current macroeconomic and geopolitical turmoil.”

   2022 June 2, MacKenzie Sigalos, quoting Winklevoss twins, “Winklevoss twins' Gemini cutting 10% of its staff, saying ‘crypto winter’ is here”, in CNBC

   We’re still in that boom period, to some degree. There are still tons of crypto companies starting out, still spending lots of money. But there’s a sense now that we’re in a crypto winter.

   2022 June 3, Emmett Lindner, “Keeping Up With Crypto”, in The New York Times, →ISSN

   The price of Bitcoin is now lower than when President Trump was elected in 2024, raising concerns of a new “crypto winter" in the industry.

   2026 February 5, David Yaffe-Bellany, “Bitcoin Drops to Lowest Price Since Trump Was Elected as Crypto Faces Slump”, in The New York Times, →ISSN