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New York(CNN Business) The spectacular implosion of cryptocurrency exchange FTX, a so-called unicorn startup that was recently valued at $32 billion, is just the latest bit of bad news for investors in bitcoin, ethereum and other digital assets. But 2022 was already an awful year for crypto before the FTX-Binance soap opera. Latest news on cryptocurrency However, the most significant blow for crypto in 2022 was triggered by the collapse of FTX in November. This was a major cryptocurrency exchange which handled around $1 billion transactions each day. Its collapse had a knock-on effect on other crypto exchanges. In November 2022, the price of bitcoin fell to around $16,000, a far cry from its peak of around $65,000 a year prior.Current crypto news
Bitcoin IRA ReviewOur newest Bitcoin IRA Review discusses launching a retirement account with crypto. The Bitcoin IRA reviews show that ... Bitcoin booms amid speculation around soon-to-be US ETF As it happens, the decline was the sharpest among altcoins, with XRP losing over $1 billion in market cap after its price declined more than 4% over the past day, nearly 7% on its weekly chart, and close to 20% across the previous month, currently standing at $0.5996.