Crypto bros can't wait for 2022 to be over. The year kicked off with cryptocurrencies riding the wave of the global post-pandemic economic boom. But then Russia's war in Ukraine upended global markets and worsening inflation prompted central banks to start hiking rates, which slashed investors' appetite for risk. What's more, a string of scandals — mainly the collapses of the TerraUSD stable coin and the FTX crypto exchange — undermined overall trust in crypto, leading to the worst annual performance in the industry's history. We track how Bitcoin and Ethereum, which together accounts for more than half of global crypto transactions, have traded since the beginning of the year.
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Russian Yars intercontinental ballistic missile launcher takes part in the Victory Day military parade general rehearsal on the Red Square in Moscow, Russia, on May 5, 2024.
Maxim Shipenkov/Pool via REUTERS
Hard Numbers: New records set in global defense spending and journalist deaths, Danes joke about buying California, Japan may u-turn on nuclear energy
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Russia's Su-57 stealth fighter is at the 2024 Zhuhai Air Show in Zhuhai, China, on November 14, 2024.
(Photo by Costfoto/NurPhoto)
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Sputnik/Gavriil Grigorov/Pool via REUTERS
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Lunar and Planetary Institute/Daniel D. Durda/Handout via Reuters
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Al Drago/Pool/Sipa USA via Reuters
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Photo by Majdi Fathi/NurPhoto
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