Cryptocurrency loss

[ad_1] Crashes, contagion, collapses came in such quick succession that investors were, towards the end of the year, asking serious existential questions. To borrow from Britain's Queen Elizabeth, 2022 is not a year on which the cryptocurrency world shall look back with undiluted pleasure.Crashes, contagion, collapses came in such quick succession that investors were, towards the end of the year, asking serious existential questions. After all, the largest cryptocurrency, bitcoin, has not kept its head above water for more than a week at a time, and is down about three-quarters from last November's $69,000 peak. The market value of the 22,000-odd tokens and coins is now at less than a third of the peak $3 trillion in November 2021, and many of them are comatose, if not outright dead.T...

[ad_1] Crypto spent most of 2022 in free fall, with players and prices reeling from the collapse of TerraUSD, Celsius, Voyager Digital and then FTX. It's safe to say that 2022 wasn't the best year for crypto. By late January, Bitcoin had already shed half of its value from its all-time high of nearly $69,000 set in November 2021. Bitcoin's descent accelerated after the first major crisis of this year — the collapse of an algorithmic stablecoin called TerraUSD. The implosion of what was once considered an ambitious experiment for decentralized finance, or DeFi, sent shockwaves through the industry, ultimately triggering the collapse of crypto hedge fund Three Arrows Capital as well as crypto lenders Voyager Digital and Celsius. It started to feel a bit like the Hunger Games — crypt...

Tag: Cryptocurrency loss

YEARENDER-Cryptocurrencies at crossroads after annus horribilis

How 2022 Became A Very Bad Year for Crypto — And Its Biggest Players (Podcast)