2022 is quickly approaching and the cryptocurrency market has experienced a decrease in value of over $1.486 trillion against the US dollar over the past year. As of December 2021, Bitcoin was trading at $46,406 per coin. It has declined by 63% against the dollar over the past year, and 69% versus the US dollar.
Top 10 Cryptocurrencies Shed Billions in 2022 as Some Tokens Play Musical Chairs
At the end of 2021, the crypto market had lost a total of $1.486 trillion in the past 12 months, dropping from $2.334 billion to $2.334 trillion. December 2022 Value $848 Billion
On December 20, 2021, the 24-hour trading volume was much higher than expected at $118 trillion. However, it has since decreased by half, with swaps now being worth $48 billion. Last An estimated $3,847 per unit was the value of ethereum in 2021.
As a result, several new tokens have been added to the top 10 in place of those that have been taken out. The The top ten crypto market caps for 2021 include bitcoin (BTC). Ethereum (ETH), BNB/BNB (BNB/BNB), tether (USDT). Solana (SOL), USDC. USDP, USDC. [XRP], cardano ADA, Terra (LUNA) & Avalanche (AVAX), respectively.