The current market downtown seems like most of the cryptocurrencies are almost dead. Even the recent decline in the most traded cryptocurrency, Bitcoin affirms it that this year the performance of cryptocurrencies are not upto the mark. The massive drop in the market capitalization of Bitcoin can be clearly seen this year.
According to CoinMarketCap, in the above chart, we can clearly see the huge drop in the market cap of Bitcoin. As on January 1, 2022 the Market Cap of Bitcoin was at $884.89 Billion and at present (October 04, 2022) it dropped to $380.04 Billion. The same massive-drop can be seen in Ethereum with almost half of the market cap decrease.
Report Analysis on Crypto as a Payment
In September 2022 Google Cloud partnered with Binance, a cryptocurrency exchange on a smart contract blockchain service. Binance got hardly mentioned in the statement as the whole focus was on the redesigned BNB Chain. But as per the Deloitte report from June 2022, among the 2,000 retail...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...