With the cryptocurrency market in a turmoil of falling values in recent days, all eyes have been on Bitcoin (BTC). As the largest presence in the cryptocurrency market, it is seen as an indicator of the health and wellbeing of the sector as a whole. And with its price recently as low as £17,400 from a year high of £50,000, commentators have started to adopt a distinctly pessimistic outlook.
It’s not just Bitcoin experiencing downward pressure. Ethereum (ETH) and other altcoins including Cardano (ADA) and Polygon (MATIC), are down more than 60% in 2022.
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