© Reuters.
(BTC) is on track to end the year with a loss of about 65%. This would mark the 3rd unfavorable year for Bitcoin, with the other 2 being 2014 and 2018. In contrast, the S&P 500 has actually fared far better, however it is likewise down near 20% in 2022.
Although cryptocurrency costs have actually seen deep cuts this year, traders have actually continued to rake cash into the area. Forty-one percent of individuals who reacted to an online study performed by Blockchain.com purchased crypto this year, and 40% strategy to buy crypto in the next year.
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