Crypto Has Been Through the Wringer in 2022: What Now?

Cryptocurrencies, or digital assets, have gone through a lot of turmoil so far in 2022. Since their high-water mark in late 2021, major assets like Bitcoin and Ethereum have seen dramatic pullbacks in prices. These pullbacks created a chain reaction in other areas of the digital asset market, which ultimately led to the bankruptcy of several crypto platforms – and a crash that wiped out the value of a few large cryptocurrencies.

Many coins have seen massive price drops since their all-time highs and have not recovered. As an investor, how should you approach crypto now?

Crypto basics & recent tumbles

First, a brief synopsis