Thanks to a months-long shakeout, the crypto market experienced one of the most drastic drawdowns in its history in 2022. But questions are arising about when (if?) major cryptocurrencies will recover.
The global crypto market capitalization, which makes up the total value of all crypto assets (including stablecoins and tokens), has fallen roughly 64% from $2.2 trillion to about $797 billion year to date, according to CoinMarketCap data. The two largest cryptocurrencies by market cap, bitcoin and ether, have fallen 64% and 67%, respectively, during the same time frame.
With a loss of more than half their value, one could argue that these cryptocurrencies can’t recover. But when you zoom out and look at the ov...
