The cryptocurrency market is not having a good time in 2022.
Since its capitalization reached a record high of US$3 trillion, the price of Bitcoin, the most critical asset, rose to US$69,000 last year.
Due to several factors, the new asset class has retreated from the size it reached in 2021.
These include record global inflation and central bank actions to curb it.
The outbreak of war between Russia and Ukraine, the collapse of projects such as Luna, and bankruptcy filings by companies such as Voyager Digital, Celsius, and Three Arrows Capital did not help either.
While . . .