The crypto markets entered 2022 on a euphoric high, with Bitcoin booming towards the end of 2021. However, things quickly took a turn for the worse as the world looked to bounce back from the crippling impact of the Covid-19 pandemic. The crypto markets had to endure an unfavorable tightening of monetary policy that turned the market on its head, giving rise to a crippling bear market. There were also sell-offs, implosions, and bankruptcy of some of the industry’s biggest and most well-known projects and protocols, leaving the space reeling.
This article will recap 2022 for the crypto space and look at some of the biggest events that shaped crypto over the previous year and what the new year has in store.
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