The cryptocurrency market has taken the world by storm in recent years, making for an exciting and unpredictable ride for investors and market watchers alike. In 2022, the situation was no different, although the roller coaster had some added twists and turns.
At the start of 2022, the crypto market was in a state of enormous volatility, with prices fluctuating wildly. Prices for major cryptocurrencies such as Bitcoin, Ethereum, and Ripple were either hitting all-time highs or plunging to their lowest levels since the start of the year. With prices rising and falling rapidly, investors had to stay glued to their screens as they tried to make sense of the situation.
At TechCrunch+, we’ve been following the roller-coaster crypto market all year, covering a range of topics to help our readers keep up with the ever-shifting landscape. We reported on the surge in prices of the biggest cryptocurrencies in response to policy changes from the U.S. Securities and Exchange Commission, helping to explain why prices suddenly surged. We also reported on the introduction of new technologies, such as the rise of decentralized finance, which were playing significant roles in the market.
Throughout the year, we also covered stories related to the proliferation of scams and cyber threats, providing our readers with insights into how to protect themselves from fraudsters. For example, we looked at the use of fake Twitter accounts to spread malicious links, which were used to phish important information from unwitting users.
As the year progressed, the crypto market slid into an extended bear market. Prices of some coins dropped significantly, and even major currencies like Bitcoin had trouble regaining their losses. We highlighted several possible causes for this slide, such as the US government’s crackdown on crypto and the halt of trading on the popular Binance exchange.
By the end of the year, however, the market was picking up again and prices began to rise. This was largely due to new regulations, the entry of large institutional investors, and the stability and scalability provided by new blockchain technologies.
Overall, it was a wild ride for the crypto market in 2022, and TechCrunch+ was there to follow the ups and downs. We reported on the major stories and uncovered some of the subtler influences that were shaping the market. We hope that our coverage helped readers navigate the roller-coaster crypto market, and that it will continue to serve as a valuable resource in the years to come.
