Crypto’s traumatic year
This year hasn’t been the easiest for investors, will 2023 be better?
Welcome to The Daily Forkast – December 22, 2022 – presented by Joel Flynn.
At the beginning of the year Bitcoin was at US$48,000 and the total market cap stood at US$2.2 trillion – but as the year progressed, scandal after scandal broke news.
From the collapse of Terra-Luna to the bankruptcy of Three Arrows Capital and – most recently, the downfall of FTX and the resulting contagion surrounding it, the value of bitcoin has fallen just over 65% as over US$100 billion was pulled out of crypto.
Join us in this episode of The Daily Forkast as we take a look at some of the most momentous events that impacted the crypto market.