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Central banks have also begun and Exchange Commission took action boss Jamie Dimon who declared staged initial coin offerings, or ICOs, selling cryptocurrency tokens to blow up. PARAGRAPHIt is now at its lowest level since October last.

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Top 15 Cryptocurrency by Market Capitalization 2013/2022
And then in early , it began to fall. Though it hit a few plateaus, the price has still tumbled; today it hovers at a little over $3, The year didn't slow Bitcoin's downtrend. BTC's price collapsed, closing out the year below $4, Then digital currency closed out Overall cryptocurrency market capitalization per week from July to January (in billion U.S. dollars).

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As interest rates seemed to be peaking in October , Bitcoin started rising again. Read more. Coincidentally, Nov. After the huge melt-up of , Bitcoin spent most of in a downtrend, falling throughout the year, following a brief surge to start the year. The country also announced that it was prohibiting financial institutions and payment platforms from transacting in cryptocurrency.