How did the Indian cryptocurrency market fare in 2022

To say 2022 has been a turbulent year for the global market would be quite generous. This has been one of the worst years in crypto history thus far.

Coming off all-time highs in the year before, a negative macroenvironment and crash in crypto prices led to sell-offs, hacks, implosions and bankruptcies of popular names – 2022 was quite a year. The euphoria of the previous year has been long forgotten, and has been replaced with negativity and cautiousness.

However, in spite of popular media narratives that have declared the death of crypto, all is not doom and gloom. There were events that reinstated faith in the industry, like the growing adoption of Bitcoin as well as war donations in crypto, and crypto integrations across the world.