, 2023-01-25 18:00:09,
In January 2023, ViaBTC Capital and CoinEx jointly released the 2022 Crypto Annual Report to offer data analysis and insights into nine sectors, including Bitcoin, Ethereum, stablecoins, NFT, public chains, DeFi, SocialFi, GameFi and regulatory policies. This report also predicts the crypto trend in 2023.
According to the report, affected by factors such as the macro environment and bull-to-bear transition, the whole cryptocurrency industry became bearish in 2022. In particular, following the Terra meltdown in May, most cryptocurrency sectors were hit by the bearish impact. Below is the overview of each segment.
In 2022, the overall performance of Bitcoin remained sluggish, with significant declines in price and trading volume compared to 2021. The price at the end of 2022 even fell below the peak of the last bull market. The price trend of Bitcoin throughout the year is obviously influenced by the pace of US interest rate hikes, but as the US interest rate hike policy continues to advance, its impact on the price of bitcoin is gradually diminished. Regarding BTC mining, the network difficulty remained at a historic high. Meanwhile, the mining revenue plummeted, and miners have had to shut down their old models. Affected by multiple factors, the mining industry witnessed a strong crowding-out effect, which drove owners of small mining farms out of the market for various reasons. At the same time, long-established mining pools and mining farms…
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