2022 is coming to an end and during the last 12 months, the crypto economy has lost roughly $1.486 trillion in value against the U.S. dollar. On Dec. 20, 2021, bitcoin was trading for $46,406 and it has lost more than 63% in value year-to-date, while the second leading crypto asset ethereum shed 69% against the greenback over the last year.
2022’s Top Ten Cryptos Shed Billions While a Few Played Musical Chairs
Approximately 365 days ago on Dec. 20, 2021, the crypto economy was worth a lot more in value than it is today. 12-month statistics indicate that $1.486 trillion has been erased from the crypto economy since that day, as it slid from $2.334 trillion to the Dec. 20, 2022 value of $848 billion.
At the time, bitcoin’s (BTC) nominal value measured in U.S. dollars was around $46K per coin and ethereum (ETH) was priced at $3,847 per unit last year. 24-hour global trade volume was also much larger, as $118 billion in trades were recorded on Dec. 20, 2021.
Today, the global trade vo
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