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??
Bitcoin Market 2022 Bitcoin Market Crushed 62 Percent Compared to Last Few Years Although the market eats such a crash every few years. But two unexpected events happened in cryptocurrency this year, one is the Luna platform UST crashed and the other is the bankruptcy of the centralized exchange FTX. These two events in particular have severely damaged the Bitcoin market.