Last year was a dark time for cryptocurrency — and I’m not talking about load-shedding at your friendly neighbourhood mining rig. Though there’s always a counter-factual example to be found, many institutional and individual crypto investors took a beating in 2022. 

Take bitcoin as the epitome and synecdoche: after hitting a record high ($68,000-plus) in November 2021, the coin tumbled and bounced its way down to $16,000 in the subsequent 12 months, showing exactly why 2022 earned its “crypto winter” moniker. Today it’s lurking in the $25,000-$35,000 band, and tomorrow — well, wouldn’t we all like to know...

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