© Reuters If You Invested $1,000 In Bitcoin, Dogecoin And Ethereum On Jan. 1, This is How A lot You Misplaced In 2022 So Far
Right here’s a take a look at how three of the most well-liked cryptocurrencies have carried out in 2022 and the way a lot a hypothetical funding of $1,000 in every can be value now.
What Occurred: After a powerful 2021 for the cryptocurrency market, 2022 may go down as one of many darker durations for the sector.
Among the many largest tales within the first half have been the collapse of (CRYPTO: LUNA) and the stablecoin TerraUSD (CRYPTO: UST). The stablecoin misplaced its peg and went properly beneath the $1 degree earlier than crashing. This had a ripple impact for the cryptocurrency market inflicting costs to fall for a lot of cash. Liquidations adopted.
Cryptocurrency buying and selling platforms and lenders are actually dealing with a crunch with massive names like Celsius and Voyager declaring chapter. The large information gadgets have precipitated losses for a lot of cryptocurrency buyers.
Associated Hyperlink: 2021 Was The Yr Of : A Month By Month Retrospective With High Tales
Investing $1,000 in BTC, DOGE, ETH: A $1,000 funding in (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE) and (CRYPTO: ETH) in 2022 would have posted an enormous loss year-to-date.
Bitcoin traded at $46,306.45 on Jan. 1, 2022. A $1,000 funding in Bitcoin on the primary day of the yr may have purchased 0.0216 BTC. Bitcoin presently trades at $21,514.32. The $1,000 funding can be value $464.71 on the time of writing.
Dogecoin traded at $0.1705 on Jan. 1, 2022. A $1,000 funding in Dogecoin on the primary day of the yr may have purchased 5,685.10 DOGE. Dogecoin currenttly trades at a value of $0.06469. The $1,000 funding can be value $367.77 on the time of writing.
Ethereum traded at $3,682.63 on Jan. 1, 2022. A $1,000 funding in Ethereum on the primary day of the yr may have purchased 0.2716 ETH. Ethereum presently trades at a value of $1,734.34. The $1,000 funding can be value $471.05 on the time of writing.
Investing $1,000 in every of the three cryptocurrencies on Jan. 1 would now be value $1,303.53 as of Sept. 10, 2022. This represents a lack of 56.5% from the $3,000 funding. The three cryptocurrencies have rebounded barely from the primary half of the yr efficiency that noticed the hypothetical $3,000 funding down 63.9%.
The return within the first half of 2022 is a major change from 2021, which noticed a hypothetical funding of $1,000 in every of the three talked about cryptocurrencies value $36,471.85 on the finish of the yr.
The year-to-date efficiency for the three cryptocurrencies have been:
Bitcoin: -53.5%
Dogecoin: -63.3%
Ethereum: -52.9%
Value Motion: The 52-week ranges of the three cryptocurrencies are as adopted:
Bitcoin: $17,708.62 to $68,789.63
Dogecoin: $0.04972 to $0.3388
Ethereum: $896.11 to $4,891.70
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