Cryptocurrency 2022 Market Performance Stats

2022 was arguably the worst year for cryptocurrencies ever. Fundamentally, no year in cryptocurrency history was more catastrophic than 2022. 

From a price action perspective, many bearish records were broken and made. However, 2022 still wasn’t as bad as 2018. 

Major Price Drops

🪓 December 2022 is on track to be the lowest monthly close for 2022 and the lowest close since December 2020.

🔉 December 2022 is also the lowest traded volume month for cryptocurrencies since May 2019.

🥉 June was the worst-performing month for 2022 (-33.06%), the worst since November 2018 (-37.29%), and the third worst-performing month in crypto’s history.

🥈 2022 was the second worst-performing year in cryptocurrency history, -65.50%. Only 2018 (-78.12%) was worse. 

🥇 Unless something dramatic changes between today (December 30, 2022) and tomorrow, 2022 will be the first year in cryptocurrency history that the yearly close is below the prior year’s open. 

1️⃣ For Bitcoin, 2022 is the first year in its history that its yearly close is below the prior year’s open. 

🏎️ The fall from April 2022’s open to June 2022’s close was the fastest and most violent sustained collapse in crypto’s history, -57.72%.

Major Cycles Broken

🤸‍♂️ The longest stretch of consecutive weekly losses in cryptocurrency history occurred in 2022. From the first week of April 2022 to the week of Jun 13, 2022, the crypto market crashed for eleven straight weeks. 

4️⃣ Bitcoin is currently in a record four consecutive quarters of losses. 

☀️ Prior bear markets have lasted between 430 and 445 days. As of December 30, 2022, the current crypto market is on day 417. 

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