Cryptocurrency markets experienced significant losses during the first half of 2022 as the market’s capitalization declined from $2.9 trillion at the end of 2021 to less than $900 billion at the beginning of June 2022. The most popular cryptocurrency, Bitcoin, was trading at about $21,493, down 54% from the start of the year. Ethereum, the second-biggest crypto by market cap, was down about 56% year-to-date, trading at $1,651.

While crypto has maintained its popularity and interest during the past few months, its value has moved in lockstep with the stock market. In March 2022, Bitcoin and the S&P 500 reached a high of 17 months, indicating that the two markets are moving in similar directions. For the crypto market, in particular, a number of factors ranging from crypto crimes and inflation to layoffs and an ongoing liquidity crisis, have plagued the industry, leading to the current cryptocurrency market crash and creating a “cryptocurrency winter.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]