(BTC) is on track to end the year with a loss of about 65%. This would mark the third negative year for Bitcoin, with the other two being 2014 and 2018. In comparison, the S&P 500 has fared much better, but it is also down close to 20% in 2022.
Although cryptocurrency prices have seen deep cuts this year, traders have continued to plow money into the space. Forty-one percent of people who responded to an online survey conducted by Blockchain.com bought crypto this year, and 40% plan to purchase crypto in the next year.
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