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?
It's has been rough year for crypto and Bitcoin has often been at the forefront of the battering. Will things improve in 2023??
The Bitcoin market did not have a good year this year; typically, the market experiences both good and bad years, but in 2022, the market was completely bear, and I have yet to identify the primary cause of this. The collapse of FTX and Luna may have been the cause because it instilled fear in the hearts of those involved in Bitcoin and cryptocurrencies. However, since we have already invested in Bitcoin, perhaps this upcoming year of 2023 will be fruitful for us.