From heists & hacks to business collapses and bankruptcies, 2022 has proved to be a whirlwind year for the cryptocurrency asset class with the subsequent contagion effects continuing to spread across the industry.
The global crypto market value tumbled by two-thirds from its peak level of almost $3 trillion in November 2021 to below $1 trillion now while Bitcoin price also hit its multi-year low at a price below $15,782 in the same month, according to data from Coinmarketcap.
