The crypto market is still as volatile as a box of firecrackers. That's no secret. Global blockchain ledgers of digital coins and tokens are still new, especially in the investing arena.

I'm convinced that serious crypto projects have a bright future ahead as blockchain technology disrupts banking systems, payment services, insurance, personal records, and more. However, even the most robust crypto names are going through intense cycles of boom and bust, driven by good and bad news.

One of the sharpest crypto dives so far came last November when the FTX crypto-trading exchange had a financial meltdown and filed for bankruptcy protection. The FTX scandal slashed 22% off the total cryptocurrency-market's market value in two short days, according to CoinMarketCap data.

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Source Fool.com