2022 was a stomach-churning, roller-coaster ride for cyrpto investors. Here's some of the key events that shook the cryptocurrency world to its core in 2022.
Performance of 10 Major Cryptocurrencies MainCryptocurrency has always been volatile, says one economics expert who spoke with ABC News. But 2022 was a stomach-churning, roller-coaster ride for investors and major players in the market.
A representation of bitcoin is seen in front of a stock graph in this illustration taken May 19, 2021.Here are some of the events that shook the cryptocurrency world to its core in 2022:Some experts, including David Yermack, a professor of finance at the New York University Stern School of Business, say crypto's free fall started after investors began selling off digital assets in response to the Federal Reserve's interest rate hikes.
The most notable hit was the collapse of the Luna token and its associated TerraUSD stablecoin, said Yermack.
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