Bitcoin has lost more than half its value in 2022. Now hovering around $23,000, the price of a single bitcoin has plunged more than 65% below last year's all-time high of nearly $70,000. The value of all cryptos has tumbled from about $2.2 trillion at the end of 2021 to a little more than $1 trillion currently.
Bitcoin, the world's biggest crypto, makes up about 42% of the total market, but 2022 has been just as terrible for the owners of other crypto-related assets such as Coinbase. The brokerage's stock has plummeted 75% so far this year. Shares of rival Robinhood have lost half their value.
There are hopes that the worst for crypto might be over. Bitcoin has gained more than 15% in the past week, and two other top cryptos have surged even more.
Solana is up more than 35% in the past seven days while ethereum, or ether for short, has climbed nearly 45%. Ether, the second-most valuable crypto, is widely used to finance purchases of non-fungible tokens, or NFTs, the digital assets...
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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...