is crypto a scam or what this is in reality

it takes months in recovery and all of a sudden some random news breaks out and all of it gets back to the bottoms

$BSW $BNX $QKC

BTC
BTC
73,131.75
+0.30%
ETH
ETH
2,286.33
+2.02%
SOL
SOL
84.91
+0.02%