• In January 2023, ViaBTC Capital and CoinEx released the 2022 Crypto Annual Report which offers data analysis and insights into nine sectors, including Bitcoin, Ethereum, stablecoins, NFT, public chains, DeFi, SocialFi, GameFi and regulatory policies.
• The report also predicted the crypto trend in 2023 and found that the whole cryptocurrency industry became bearish in 2022 due to factors such as the macro environment and bull-to-bear transition.
• The report analyzed the performance of Bitcoin and Ethereum in 2022, which showed significant declines in price and trading volume compared to 2021.
In January 2023, ViaBTC Capital and CoinEx released the 2022 Crypto Annual Report in order to provide data analysis and insights into nine sectors, including Bitcoin, Ethereum, stablecoins, NFT, public chains, DeFi, SocialFi, GameFi and regulatory policies. This report also predicted the crypto trend in 2023.
The report revealed that the whole cryptocurrency industry became bearish in 2022 due to factors such as the macro environment and bull-to-bear transition. In particular, following the Terra meltdown in May, most cryptocurrency sectors were hit by the bearish impact.
The report also analyzed the performance of Bitcoin in 2022. It found that 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 managed to maintain a certain level of stability.
The report also analyzed the performance of Ethereum in 2022. It found that the primary statistics of Ethereum trended downward in 2022. In addition to the secondary market price and transaction volume, the number of active users, daily active addresses and daily transaction amount also fell significantly.
In conclusion, the 2022 Crypto Annual Report offers data analysis and insights into nine sectors, as well as predictions of the crypto trend in 2023. It revealed that the whole cryptocurrency industry became bearish in 2022 due to factors such as the macro environment and bull-to-bear transition. It also analyzed the performance of Bitcoin and Ethereum in 2022, which showed significant declines in price and trading volume compared to 2021.