Was 2022 The Death Of Crypto?

LONDON, ENGLAND - DECEMBER 07:  A visual representation of the digital Cryptocurrency, Bitcoin on December 07, 2017 in London, England. Cryptocurrencies including Bitcoin, Ethereum, and Lightcoin have seen unprecedented growth in 2017, despite remaining extremely volatile. While digital currencies across the board have divided opinion between financial institutions, and now have a market cap of around 175 Billion USD, the crypto sector coninues to grow, as it continues to see wider mainstreem adoption. The price of one Bitcoin passed 15,000 USD across many exchanges today taking it higher than previous all time highs.  (Photo by Dan Kitwood/Getty Images)

At a glance

  • 2022 was not a good year for the cryptocurrency industry. Billions upon billions of dollars disappeared from the market.
  • And every few months, high-profile meltdowns triggered disastrous implosions for companies across all corners of the blockchain tech sector. We’re (hopefully) in the aftermath of the destruction and looking toward the future.
  • With that said, we must ask one question: Are we witnessing the death of crypto? Or is this a painful period of reconstruction and rebirth for the industry?

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