It’s obvious to anyone paying attention that 2022 did not go as well as cryptocurrency holders hoped. More than $2 trillion worth of value vanished from the total crypto market cap while Bitcoin (BTC) saw its price plunge from $69,000 to a low of $15,599 in early November.
While there was a lot of hope that the year would bring fresh all-time highs across the crypto market thanks to an influx of institutional investors, the collapse of Terra/Luna and FTX put a damper on any growth as they sparked contagion events that spread across the crypto ecosystem like wildfire.
