Bitcoin has been the world's most popular cryptocurrency many years now.And,while crypto has been incredible hikes in the past.2022 was an undoubtedly disastrous years for this asset,which faced an overall price drop of over 60%. So why did bitcoin price fall drastically throughout 2022?
The price was not according to its plan but it was natural in a volatile market like this. Nobody wanted this to happen but as its nature, drops are an inevitable matter. There are a lot of factors that bring the market price into this situation;
- FUDs
- panic selling
- scam issues (exchanges)
It's has been rough year for crypto and Bitcoin has often been at the forefront of the battering. Will things improve in 2023??
2023 is just coming, yet the market is still in the bear market which I think will continue until the first quarter of next year. We can assume recovery next year but if we think the market prices are rallying like Bullrun, that seems impossible.