Cryptocurrency exchanges face headwinds even as crypto value rises
Sky News says Last year was a torrid one for those who love cryptocurrencies.
Bitcoin, the biggest and best-known cryptocurrency, fell by 64% during 2022 and Ethereum, the second largest, by 67%.
Dogecoin, the cryptocurrency that started as a joke yet then became beloved by Elon Musk and his followers, fell by nearly 60%.
This year, though, cryptocurrency values have rallied sharply.
Dogecoin is up by nearly 34% since the beginning of 2023, Ethereum by 74% and Bitcoin by a remarkable 80%. The latter hit $30,000 last week for the first time since June last year.
