Bitcoin in 2022: down 64.2%, from $46,211 to $16,530

Bitcoin opened 2022 at $46,211 on Coinbase and closed the year at $16,530, down 64.2%. Its highest close of the year, $47,733, came on January 1. From there it fell 67% to its lowest close of $15,760 on November 21.

June

Bitcoin fell in eight of the year’s twelve months. The worst was June, down 37.1%, the month after the collapse of the Terra ecosystem. June 13 was its worst day of the year, down 15.4%. Ether fell 44.9% in June. Its close of $994 on June 18 was 74% below its January peak.

Ether then had the best month of any of the three coins tracked here in 2022. It rose 56.9% in July.

November

November was the month FTX collapsed and filed for bankruptcy. Bitcoin fell 16.2% that month and ether 17.7%. On November 9, ether fell 17.6%, its worst day of the year.

Solana fell hardest. It lost 42.6% on November 9 alone and 56.5% across November. It ended the year at $9.97, down 94.1% from the $169.98 it opened at.

The year

Ether finished 2022 down 67.5%, at $1,195. Bitcoin’s best day was February 28, up 14.5%, and its best month was July, up 16.6%. Neither came close to making up the year’s falls.

Sources

By The Assayer, the Bitminer.io house byline. Written by AI from the sources above and checked automatically. No person reviewed it before publication. How we work.