In 2022, Bitcoin experienced a sharp drop and other virtual currencies were almost completely destroyed.

CoinMarketCap data shows that the Bitcoin price has dropped after hitting a year-high of $47,343 on January 2, 2022.

As of this moment, Bitcoin is temporarily at $16,749, its lowest level since December 2020, and the price is down more than 65% since the start of the year.

Global Bitcoin investors have lost a total of $195 billion by 2022, according to Glassnode. This means that most owners sell their Bitcoins in a "meat-cutting" way. The most lost months are February, May, June and November.

In addition, data from virtual currency data provider Nomics shows that the virtual currency market will continue to decline into 2022, leading to the emergence of 12,100 "zombie virtual currencies" (virtual currencies that are not traded in the current market).


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