BTC performed better than ARKK, MSTR, COIN despite 65% fall in 2022 BTC performed better than ARKK, MSTR, COIN despite 65% fall in 2022
Only DXY and Gold recorded an increase year-to-date.
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Updated: Dec. 31, 2022 at 10:02 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
CryptoSlate looked into Glassnode data representing year-to-date (YTD) reviews of leading assets and currencies and revealed that Bitcoin (BTC) performed better than Ark Innovation ETF (ARKK), MicroStrategy Inc. (MSTR), and Coinbase Global Inc (COIN) in 2022.
According to the data, BTC fell by 65.38% YTD, while ARKK, MSTR, and COIN lost 67.79%, 74.64%, and 85.90% in value, respectively.
DXY and Gold are the only assets included in this analysis that recorded an increase. Gold came out +1.25% more valuable YTD, while DXY’s price increased by 7.55%.
British Pound (GBP) and Euro (EUR) also ended the YTD period in the negatives. In mid-September, GBP dropped to all-time lows against the U.S. dollar. GBP volatility soared so much afterward that BTC became a more stable asset than the pound in October. Ethereum (ETH) also followed BTC’s downward trend and recorded a 68.32% decrease YTD.
According to a recent report from Arcane Research, 2022 was the second-worst year for BTC. Leading crypto fell by 65% in 2022. The worst year for BTC was still 2018, when the price recorded a 73% decrease.
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Author 
Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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