It’s little question that 2022 has been a difficult 12 months for world markets on account of a number of worldwide downturns, together with conflict, rising inflation, financial tightening, and plenty of extra, which have put vital strain on numerous asset courses, together with cryptocurrencies. The federal government launched a lot of insurance policies to encourage the adoption of cryptocurrency property in 2022, together with a 30% crypto tax and Central Financial institution Digital Foreign money (CBDC), which was launched by the RBI. Nevertheless, vital occasions just like the collapse of FTX, the chapter of Vauld, and the Terra-Luna crash overheated the cryptocurrency market. Firstly of 2022, Bitcoin, probably the most precious cryptocurrency by market capitalization, was buying and selling at $47,686.81, with a market capitalization of $902,104,193,385. By the tip of 2022, on December 30, nevertheless, Bitcoin had dropped to $16,602.59, with a market capitalization of $319,559,502,980.