It’s no secret that 2022 was beautiful A rough year for the crypto market. The industry has been plagued by everything from accidents to bankruptcies, fraud allegations, massive fines and layoffs.
Future of Finance: Gen Z & How They Interact With Money
See: 5 Things You Should Do When Your Savings Hit $50,000
In turn, according to CoinMarketCap data, the total market cap of the industry in Dec. 5 decreased to $867 billion. The days (November 2021) when the cryptocurrency market cap hits $3 trillion are far away.
Let’s take a look at how the 10 largest cryptocurrencies by market cap have fared so far this year. (All data as of Dec. 5, 2022.)
So far this year, bitcoin — the No. 1 asset by market cap — is down 75% from its Nov. 10, 2021, all-time low of $68,789.63, according to CoinMarketCap data. Its market capitalization is around $331 billion as of November 2021.
Take our poll: Do you think people should invest in crypto?
Ether is down 74% from its November 16, 2021, all-time high of $4,891.70. Its market cap also rose to $157 billion, according to CoinMarketCap, compared to its all-time high of $571.67 billion on November 9, 2021, according to GlobalData.
Tether is down 24.4% from its July 24, 2018, all-time high of $1.32. According to CoinMarketCap data, its market capitalization is $65 billion.
Finance Coin (BNB)
BNB, at $295, is down 57.3% from its May 10, 2021, all-time high of $690.93. According to CoinMarketCap, it has a market cap of $47 billion, down from its all-time high market cap of $109 billion in November 2021.
USD Currency (USDC)
Stablecoin USDC is down 57.4% from its all-time high reached in November 2021. According to CoinMarketCap data, its market capitalization also decreased from $55 billion to $43 billion in June 2022.
Finance USD (BUSD)
BUSD, at $1.11, is down just 9.6% from its March 12, 2020, all-time high.
According to CoinMarketCap data, its market cap was $22 billion, which was an all-time high of $23 billion in November 2022, less than that of other coins.
XRP is another coin that has been a huge hit. At $0.39, its Jan. 4, down 89.8% from 2018 to an all-time low of $3.84. As of January 2018, its market capitalization fell from its all-time high of $130 billion to $19 billion, according to CoinMarketCap data.
The celebrity-endorsed coin is at $0.10, down 86.3% from its all-time high of $0.73 on May 8, 2021. It has a market value of $13.9 billion. May 2021, according to CoinMarketCap data.
ADA is down 89.5% from its all-time low of $3.10, reached on September 2, 2021. While its all-time-high market capitalization was over $94 billion in August 2021, it has fallen to $11.2 billion, according to CoinMarketCap. information.
Dec. Polygon fell 68% to its all-time low on Dec. 27, 2021. 27 to $2.92. Similarly, its market value has decreased from $19.5 billion to $8.1 billion. , according to CoinMarketCap data.
More from GOBankingRates
This article appeared first GOBankingRates.com: How the Top 10 Cryptocurrencies Performed in 2022
The views and opinions expressed herein are those of the author and those of Nasdaq, Inc.