Editor’s Note: This is the first in a two-part series.

The Crypto Market Decline

With the publicity surrounding the public offering of Coinbase in April 2021, and the substantial increase in the value of bitcoin and other digital currencies, cryptocurrency experienced a dramatic surge in popularity and value through early 2022. Crypto exchanges like Coinbase became popular, and widespread access to cryptocurrency was a contributing factor to the shift toward the crypto market. However, the popularity and value of crypto assets plummeted in 2022.