Crypto Crash: BTC Down 65.38%, ETH Down 68.32% at End of 2022

• BTC ended the year 2022 with a 65.38% decrease in value, while ARKK, MSTR, and COIN lost 67.79%, 74.64%, and 85.90% respectively.
• Only DXY and Gold recorded an increase year-to-date, with Gold increasing by 1.25% and DXY increasing by 7.55%.
• Ethereum (ETH) also followed BTC’s downward trend, recording a 68.32% decrease YTD.

At the end of 2022, the performance of Bitcoin (BTC) was compared against that of other leading assets and currencies. BTC ended the year with a 65.38% decrease in value, while Ark Innovation ETF (ARKK), MicroStrategy Inc. (MSTR), and Coinbase Global Inc (COIN) lost 67.79%, 74.64%, and 85.90% respectively. DXY and Gold were the only assets among the ones analyzed that recorded an increase year-to-date. Gold increased by 1.25% while DXY increased by 7.55%.

In mid-September, the British Pound (GBP) dropped to all-time lows against the U.S. dollar and its volatility soared. This made Bitcoin a more stable asset than the pound in October. Ethereum (ETH) followed BTC’s downward trend and recorded a 68.32% decrease YTD. This made 2022 the second-worst year for BTC, the worst being 2018 when the price recorded a 73% decrease.

In conclusion, the performance of BTC compared to other leading assets and currencies in 2022 showed a decrease in value across the board, with only DXY and Gold recording an increase. BTC’s 65.38% fall was better than that of ARKK, MSTR, and COIN, which lost 67.79%, 74.64%, and 85.90% respectively. Ethereum (ETH) followed BTC’s downward trend, losing 68.32% in value YTD.