228 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 Yen and JGB yields rise after BOJ pledges “greater flexibility” to yield curve control Nike Executives Plan ‘Biggest’ Olympics Spend as Marketing Intensifies Anticipated Increase in Vietnam’s Agricultural Exports to China New-age Tech Stock DroneAcharya Soars Despite Negative Sentiment UK-Pakistan Inward Trade Mission Visits SCCI Target Faces Challenges Amid Changing Consumer Preferences and Market Competition
