Why do cryptocurrencies in the stock market crash in 2022?
We have witnessed the growth of cryptocurrencies in the stock market since the beginning of 2021. What put the value of cryptocurrencies at risk in 2022? When the year 2021 concludes, it will be remembered as another strong year for the stock market. Over the preceding four decades, the benchmark S&P 500 had more than quadrupled (+24 percent) its average annual total return of 11%. However, things haven't been good for cryptocurrencies; in fact, they've been exceptional. The total value of digital currencies has surged by 176 percent to $2.14 trillion since the start of the year. The hype around decentralized apps and decentralized finance (DeFi), the development of non-fungible tokens (NFTs), and the massive potential for blockchain-based games in the metaverse have all fueled investor interest. Let's face it, cryptocurrencies are also seeking life-altering returns, such as the Shiba Inu meme-45,000,000% coin's year-to-date surge (CRYPTO: SHIB). The following y...