In 2022, will the cryptocurrency market be risky? 


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Crypto investors had a fantastic year in 2021, if equities investors had a good year. Some crypto currencies’ prices have soared by 5,000 to 7,000 percent, providing investors with mind-boggling gains. 

Even bluechip cryptocurrencies like Bitcoin and Ethereum increased by 35-40% in 2021. However, the path was not a straight one. Bitcoin prices surged to Rs 51 lakh in April before dropping by more than half in May-June after Elon Musk expressed concern about the impact on the environment on Twitter and China cracked down on cryptocurrency trade. Prices of certain crypto currencies tumbled 30-40% in hours as panicked investors rushed to sell. In September, buyers reappeared, and the price of Bitcoin surpassed Rs 54 lakh for the second time in November. It has now settled at Rs 39.91 lakh, around 32% higher than it was at the start of the year. 

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