Home Login

Bitcoin Market Cap Falls By dollar315 Billion As Crypto Adoption In 2022 Fails To Materialize

Categories: Bitcoin US

Cryptocurrencies’ values have been diving due to the current bloodbath in the crypto market. Likewise, the largest and most popular cryptocurrency, Bitcoin, also continues to lose its value. The coin has consecutively dropped since the year 2022 has turned.Per the statistics provided by Tradingview.com, the market value of the giant Bitcoin was fledging around $883.89 billion on January 1. However, after the continuous downtrend in the value, its market capitalization as of May 10 stands around $568.55 billion.

The DeFi asset’s drop in price has similarly declined the DeFi market cap. Meanwhile, Bitcoin faced an ever-decreasing price falling from $46,726 on January 1 and trading at $29,865 as of May 11.In other words, the BTC price at the time of writing had lost 35%. Or say the price has decreased by $17,861 compared to its value before the year started. 

Crypto Bloodbath Occurs Amidst Bitcoin’s Growing Adoption

Bitcoin’s inability to capitalize on the crypto adoption of 2022 across the global industries, became the reason for these year-to-date (YTD) losses. It also encircles the recent adoption of Bitcoin in the Central African Republic (CAR), the second country after El Salvador to make Bitcoin a legal tender.In terms of the adoption, the Bitcoin network has reportedly installed 3,000 ATMs in 2022 where users can buy and sell Bitcoins. The number of such machines is 37,338 as of May 11.Players in the industry put their efforts in 2021 to spread the growth of Bitcoin, installing over 10,000 ATM machines globally. 


Top articles
Top Cryptocurrency Providers In India Published at:- Important Cryptocurrencies Other Than Bitcoin Published at:- The Best Crypto Exchanges Of 2022 Published at:- 10 Best Crypto Exchanges and Platforms of January 2022 Published at:- Bitcoin Demand Explodes As Russian Ruble Collapses to Less Than $0.01 Published at:- How to Invest in Bitcoin – Beginner’s Guide Published at:- How to Invest in Bitcoin – Beginner’s Guide Published at:- Best Crypto Exchange Canada 2022 - 5 Lowest Fee Bitcoin Exchanges Published at:- Here’s how pro traders use Bitcoin options to profit even during a sideways market Published at:- Lightning to strike Shopify merchants with addition of BTC payments Published at:- Play-to-Earn Bitcoin Games: How Lightning Network Enables Gamers to Earn Sats Published at:- Bitcoin On-Chain Analysis: Supply in Profit Holds Support; Danger of BTC Capitulation? Published at:- Bitcoin Plunges to $38K as Sell-Off Accelerates It has struggled to bounce back after reaching the intraday low, currently tradi Published at:- Ethereum Upgrade Delayed, Secret Service Seizes Over $102M in Crypto, Crypto Exchange Blockchain.com May Go Public Published at:- What Investors Need to Know About Bitcoin Price Projections Published at:- Bitcoin Stalls Around $40,000. Here’s How Investors Should React Published at:- What’s Behind the Latest Bitcoin Drop? Published at:- How to Buy Bitcoin and Other Cryptocurrencies: A Guide for New Crypto Investors Published at:- Alternative Ways To Buy Bitcoin Published at:- How to Buy Other Cryptocurrencies Published at:- Does Bitcoin Make Sense for You to Invest In? Published at:- Flared-Gas Bitcoin Miner Crusoe Energy Raises $350M Series C Published at:- Bitcoin Trims Gains, Support Turned Resistance At $41K Published at:- Bitcoin Fails Third Attempt to Close Above Short Term 61.8per Short Term Retracement Published at:- Bitcoin Holds Steady As US Extends Sanctions Against Russia To Cryptocurrency Mining Published at:- Ripple CEO Hits Out at Bitcoin Maximalists Published at:- Bitcoin Follows US Stock Dive, Experts Predict $37,500 Price Level Published at:- Bitcoin Under Pressure Near $40K, Here Are 2 Reasons Why That Could Change Soon Published at:- What Sell Pressure? Bitcoin Exchange Reserves Hit 4-Year Low Published at:- SparkWorld Partners With Kalao To Release Banksy X Particle NFTs Published at:- Why Is Bitcoin, Ethereum, XRP, Solana Price Dropping Right Now? Published at:- Bitcoin Long Squeeze Incoming? Funding Rates Surge Up Published at:- Bitcoin Indicator Hits Historical Low Not Seen Since 2015 Published at:- Argentina and Bitcoin: A Perfect Match? Published at:- Central African Republic (CAR) adopts Bitcoin (BTC) as legal tender Published at:- Bitcoin plummets alongside stocks following the Federal Reserve decision Published at:- Luna Foundation Guard further bolsters stablecoin reserve by raising $1.5 billion in bitcoin Published at:- New York is close to a bitcoin mining crackdown — here’s what that means for the industry Published at:- Bitcoin: Warren Buffett Wouldn't Want All the BTC in the World for dollar25 Published at:- Bitcoin Network’s Electricity Consumption Drops By 25per, Alleviating Concerns About Energy Consumption Published at:- Central African Republic Becomes The World’s Second Country to Legalise Bitcoin Published at:- Australian Bitcoin Spot ETF Launch Halted Under Pressure From Unidentified Broker Published at:- Central African Republic Passes Bill Legalising Use of Bitcoin (BTC) Published at:- Bitper oin Mining-Ban Bill Advanper es in New York State Assembly Published at:- MicroStrategy’s CEO Dismisses Rumours About Bitcoin Selling Published at:- EU Officials Discussed A Ban On Proof Of Work Mining And Bitcoin Trading Published at:- Terra Beats Tesla As Second-Largest Corporate Bitcoin Holder After dollar1.5B Purchase Published at:- Bitcoin Short-Term Holders Were Behind The Selloff To Below dollar36k Published at:- Bitcoin isn’t an inflation hedge, and it hasn’t been for a long time, Bank of America says Published at:- Bitcoin plummets even further as selloff continues, dipping below dollar36,000 Published at:- Bitcoin: Warren Buffett Wouldn't Want All the BTC in the World for dollar25 Published at:- Bitcoin: dollar40K Threshold is a Barrier; Goldman Sachs Offers a Secured Loan in BTC Published at:- Bitcoin Flirts With Lowest Level Since 2021 as Equities Swoon Published at:- Bitcoin whales sell as exchange inflows hit 1.7 million coins Published at:- El Salvador President Says Country Spent dollar15M on Latest Bitcoin 'Dip' Published at:- New Chain Bytes Establishes Bitcoin ATM in Mexican Senate Published at:- El Salvador Buys The Dip With Another 500 Bitcoins Published at:- El Salvador President Introduces Layout Of Bitcoin City ‘Crypto Utopia’ Published at:- Bitcoin investors are panicking as a controversial crypto experiment unravels Published at:- Bitcoin Struggles Below dollar32K, Why Downtrend Could Resume Published at:- Bitcoin Spot Trading Into USD Dropped 25.5per in April Published at:- Bitcoin Breaks dollar30K, Why This Could Turn Into Larger Downtrend Published at:- Bitcoin Remains Fragile, What’s The Next Major Support Area? Published at:- Bitcoin Funding Rates Remain Unmoved Despite Plunge To dollar30,000 Published at:- Bitcoin Market Cap Falls By dollar315 Billion As Crypto Adoption In 2022 Fails To Materialize Published at:- Market Downtrend Trigger Bitcoin Inflows From Institutional Investors Published at:- Bitcoin Recovers Above dollar30,000, Has The Bottom Been Marked? Published at:- Bitcoin Price Takes Deepest Dive Since 2020, Will BTC Bounce? Published at:- Top 5 Bitcoin Mining Softwares To Look Out For Published at:- Regulators are growing anxious about stablecoins after Terra’s stunning collapse Published at:- UAE-Based Airline ‘Emirates’ Says It Is Planning to Accept Bitcoin for Payments Published at:- Brazil’s Largest Digital Bank Nubank Launper hes BTC and ETH Trading Published at:- Bitper oin Priper e Prediper tion for Today May 14: BTC Priper e in a Deadloper k but Slumps to dollar28K Published at:- Bitper oin Whale Breaks 8 Year Long Silenper e With $30 Million Worth Of BTC Transfer Published at:- Investors Make For Stableper oin Hills As USDT Volume Touper hes All-Time High Published at:- Bitper oin Priper e Prediper tion for Today, May 14: BTC Retreats After Moving Close to dollar30,000 Level Published at:- BTC Adollar43K. Bitper oin holding up better than teper h – Messari CEO Published at:- Australian Bitper oin Mining Firm Not Worried About Reper ent Crypto Market Correper tion Published at:- Bitper oin Bull Anthony Pompliano Prediper ts What Will Bring $BTC’s Next Wave of Adoption Published at:- Purper hase Bitper oin and Other Coins Safely with Bitrizza Published at:- Bitper oin Priper e Prediper tion for Today May 18: BTC Priper e Holds Above dollar28K Published at:- Retail Investors Buy the Bitper oin Dip as 40,000 dollarBTC Move to Exper hanges Published at:- Funding Rates Fall To Yearly Lows Following Bitper oin’s Fall Below dollar29,000 Published at:- Worrying Sign for Bitcoin Appears On-Chain Published at:- Balenciaga starts accepting Bitcoin and Ethereum Published at:- Brazil in Bitcoin Adoption Drive: Blockchain.com's Expansion, Miners' Tax Break, Real Estate Firm's BTC Choice Published at:- Bitcoin Has Not Established Itself As A Credible Institutional Investment Says Scott Minerd, CIO Of Guggenheim in Bitcoin Published at:- BTC Mining Could Reduce Global Carbon Emissions By +5percent Published at:- Bitcoin Price Prediction for Today May 31: BTC Slumps to the Previous Low at dollar29.7K Published at:- Bitcoin Price Resumes Decline, Can The Bulls Save This Support Published at:- Dollar6 Billion Soros Fund Manager Says Crypto Is ‘Here to Stay’, Predicts dollarETH Will ‘Gain Traction’ Over dollar BTC Published at:- New York imposes a ban on proof-of-work Bitcoin mining Published at:- Bitcoin At dollar20K Could Be ‘New Bottom,’ Commodity Expert Suggests, And Here’s Why Published at:- Crypto Researcher Says Post Ethereums Merge Bitcoin Could Be Regulated Away Published at:- Fidelity Launches Ethereum Index Fund Lets Clients Looking for Exposure to Digital Assets Beyond BTC Published at:- This Bitcoin BTC metric is high and whales might have something to do with it Published at:- Markets Bitcoin rises yet stays beneath US dollar 20000 Ether gains XRP leads crypto top 10 Published at:- Bitcoin Agent NYDIG Says Monetary record Serious areas of strength for is 33 Staff Cut: WSJ Published at:- Aussie government financial plan reaffirms BTC won't be treated as unfamiliar cash Published at:- Bitcoin Ether costs rise Polygon leads top 10 in gains Doge Shib retreat Published at:- Bitcoin hits year low, Ether droops as Binance salvage of FTX startles financial backers Published at:- Worldwide Business sectors Down Will China Turmoil Trigger Next Bitcoin Rectification Published at:- Bitcoin and crypto ascend after Took care of Seat Powell hints facilitating rate climbs Published at:- Bitcoin plunges back underneath US dollar 17000 Ether falls Dogecoin Published at:- Here is The Rundown Of Nations That Thinks about Bitcoin Legitimate Or Unlawful Published at:- Bitcoin Ethereum Algorand and VeChain Everyday Value Examinations Published at:- Bitcoin and Ether ascend in sluggish exchanging the Solana gains on Web3 game organization Published at:- Wolf Of Money Road Encourages Crypto Financial backers To Cling to Bitcoin And Ethereum Published at:- Variables to Think about While Shorting Bitcoin Published at:- Once more or bitcoin Excavator GRIID is NYSE Appearance Postponed Published at:- XRP Bitcoin and Ethereum Five Years Time Forecast Published at:- Negative Pointer Are Huge Players Presently not Intrigued by Bitcoin and Bitcoin Stores Dropping Published at:- Why put resources into bitcoin or Gold cost investigation Battle in Ukraine altogether impacted gold costs Published at:- Bitcoin or Ethereum Exchange Sideways as Market Reflects Blended CPI Report Published at:- For what reason Does Bitcoin Utilize Such a lot of Energy or The amount Energy It Takes to Power Bitcoin Published at:- Bitcoin is Energy Consumption Problem and Can It Be Solved Published at:- How to Choose the Best Bitcoin ATM Manufacturer for Your Business Published at:- How Bitcoin Fluctuations Affect Other Cryptocurrencies Published at:- Crypto Mixing: The Price Of Digital Currency And How You Can Be A Part Of It Published at:- Why Bitcoin is the Perfect Digital Currency for Navratri Festivities Published at:- Buying Bitcoin Made Easy: A Guide to ZebPay in India Published at:-
Main Category
Other Health
|| Bitcoin || Crypto News || US || All India || UAE || UK || All World || DIGITAL CURRENCY || CANADA || AUSTRALIA || USA || BLOCKCHAIN || ETHERUM NEWS || NFT || Dogecoin || Other || Health || Multiple Choice Question (MCQ) ||
closeConn($conn); ?>