Cryptocurrencies proving resilient, but ‘face challenges’ on road to mainstream acceptance
In November 2021, the combined market value of all cryptocurrencies soared to a record-breaking $3 trillion. However, adverse macroeconomic circumstances and the collapse of major players, most notably FTX, caused a sharp 64% decline in 2022, plummeting below $800 million. The market has since recovered in 2023, reaching $1.1 trillion, according to GlobalData. Its latest […]