What's going on with the crypto crash?

The crypto crash has been fairly widespread. Bitcoin and ethereum are the flagship prices that generally signal the overall health of the industry. Since January, bitcoin has fallen as much as 60 per cent, and is currently trading at about $US23,000.

Was 2022 a 'crypto winter'?

Yahoo finance UK looks back over 2022, a year of "crypto winter", where investor nerves were well and truly tested. The cryptocurrency market cap hit a high of over $3tn (£2.46tn) in November 2021, but has now fallen to $904bn, according to data from Statistia.

How has the crypto market changed in 2022?

The early months of 2022 saw the crypto market climbing steadily amid more institutional adoption. In mid-March, Bitcoin broke through the $42,000 mark on the news that Ray Dalio's Bridgewater Associates hedge fund was set to invest in the digital asset.

What is the price of bitcoin in 2022?

On New Year's Day 2022, bitcoin and ethereum ( ETH-USD) stepped into 2022 trading at $47,000 and $3,800 respectively – slightly down from their all-time highs of $68,000 for bitcoin and $4,600 for ethereum in November 2021. However, as we head towards the end of the year, the price of bitcoin is sitting around $17,258 while ethereum is at $1,283.