Bitcoin lost over 60% of its value in 2022—here’s how much 6 other popular cryptocurrencies lost (via CNBCMakeIt)
Prices are likely to fall further when "traders and crypto companies begin to see that they don't have an unending stream of marks willing to prop up crypto prices," Royal says.
Crypto is considered to be a highly volatile asset that is subject to unpredictable price fluctuations and falls. For this reason, financial experts typically advise against investing more into crypto than you're willing to potentially lose.
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