New York, US, 16th June 2022, ZEXPRWIRE, Since its emergence in 2009, cryptocurrency has shown itself prone to unexpected peaks and troughs. Its unpredictability has acted as a catalyst to entice people, with great risk comes greater reward. Notable case studies of long-term successes now number highly. Now, more than ever, crypto is in a state of disarray, as at the time of writing this article a second crash occurred yesterday.
This comes a month after the last crash in May 2022, which resulted in Bitcoin (BTC), Solana (SOL), Ethereum (ETH), and Terra (LUNA) seeing their worst declines thus far. If this volatility continues, 2022 could overtake 2017 as the annus horribilis of crypto – causing waves of losses. This article will explore how we got here, and assess if any hope of recovery remains for the crypto market.
The 2022 Crypto Crash
The first crash of the year occurred in mid-May, which saw the decline of several notable blockchain projects. These networks included global...
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