2022 second-worst year ever for Bitcoin price – Arcane

Dec. 30, 2022 at 8:00 pm

By Zeynep Geylan

Arcane Research’s 2022 year-end report cited that 2022 was the second-worst-performing year for Bitcoin (BTC), as the leading crypto saw a 65% decrease throughout the year, only beaten by the 73% sink recorded in 2018.

BTC’s performance was the second-worst of the year compared to Binance Coin (BNB), Ethereum (ETH), S&P 500, and Gold. ETH recorded the most significant decrease by falling 69%. Gold was the most resilient, recording only a 1% fall.

Binance

Crypto exchange Binance’s growth was another highlight of 2022. Binance’s dominance in BTC spot volume grew by 47% throughout the year, increasing to 92% at the current market share from the 45% recorded on the first day of the year.

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