123 Bitcoin staggered into 2022. The preeminent cryptocurrency has lost 60% of its value, while the wider crypto market has shrunk by $1.4 trillion, squashed by rising interest rates, vanishing risk appetite and corporate collapses including Sam Bankman-Fried’s FTX. Crypto funds have seen net inflows of $498 million in 2022, versus $9.1 billion in 2021, according to data from digital asset manager CoinShares, reflecting how mainstream finance has steered clear of the market through its annus horribilis. You Might Be Interested In UBS Initiates Sale of Additional Tier 1 Bonds Following Credit Suisse Controversy New-age Tech Stock DroneAcharya Soars Despite Negative Sentiment Turkish Lira Nears Record Low as President Erdogan Secures Election Victory Apple’s Strategic Play: Could ESPN Be the Next Big Acquisition? Top Merger Stocks Held By Fund Managers, Mid-Q3 2023 Peso may strengthen as market looks for drivers
