crypto winter," with high-profile companies collapsing across
2022 marked the start of a new "crypto winter," with high-profile companies collapsing across the board and prices of digital currencies crashing spectacularly. The events of the year took many investors by surprise and made the task of predicting bitcoin's price that much harder.
The crypto market was awash with pundits making feverish calls about where bitcoin was heading next. They were often positive, though a few correctly forecast the cryptocurrency sinking below $20,000 a coin.
But many market watchers were caught off guard in what has been a tumultuous year for crypto, with high-profile company and project failures sending shock waves across the industry.
It began in May with the collapse of terraUSD, or UST, an algorithmic stablecoin that was supposed to be pegged one-to-one with the U.S. dollar. Its failure brought down terraUSD's sister token luna and hit companies with exposure to both cryptocurrencies.
Three Arrows Capital, a hedge fund with bullish views on crypto, plunged into liquidation and filed for bankruptcy because of its exposure to terraUSD.
-
31:13
Power Slap
3 days agoPower Slap: Road to the Title - Season 3 Episode 2 - Fighting for Everything
634K57 -
3:53:39
Alex Zedra
8 hours agoLIVE! What Game Should I Play Tonight?
31.3K12 -
6:34:51
Akademiks
12 hours agoFoolio Trigger Man Arrested. Drake Blocked another TDE ARTIST? VYBZ KARTEL FREE! WURL BOSS FREE!
82.3K24 -
LIVE
Right Side Broadcasting Network
14 hours agoLIVE REPLAY: President Donald J. Trump Holds a Rally in Harrisburg, PA - 7/31/24
6,639 watching -
4:38:54
Total Horse Channel
14 hours ago$100,000 Slide 100x Brazos Slide | CMSA Mounted Shooting
67.9K3 -
1:46:39
Glenn Greenwald
11 hours agoHamas Leader's Death Escalates Risk of Wider War; Former CIA Officer Mike DiMino and Civil Liberties Lawyer Jenin Younes on Middle East Developments | SYSTEM UPDATE #308
130K211 -
2:13:19
WeAreChange
11 hours agoIsrael Provoking All-Out Islamic Assault... IRAN WAR Globalist Wet Dream Coming??
105K109 -
1:15:39
The Big Migâ„¢
1 day agoDied Suddenly with Director Matthew Skow
87.8K17 -
1:54:12
2 MIKES LIVE
11 hours ago2 MIKES LIVE #98 NEWS BREAKDOWN WEDNESDAY with SPECIAL GUEST BROOKE MCGOWAN
87.1K7 -
2:16:28
Michael Feyrer Jr
1 day agoGet Your Live Streaming Questions Answered! LIVE
94.5K3