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Bitcoin and Ethereum Price Predictions for 2022
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The past year has been another great year for the cryptoasset market, with bitcoin (BTC) having almost doubled in price year-to-date, and the total crypto market capitalization increasing from just over USD 750bn to almost USD 3trn.
For bitcoin’s part, the price gains this year were fueled by major developments like El Salvador becoming the first country to make the cryptocurrency legal tender, and electric car maker Tesla becoming the biggest company so far to add bitcoin to its balance sheet.
Similarly, ethereum (ETH) also saw major bullish developments this year, with the implementation of the EIP-1559 upgrade which for the first time introduced a supply-reducing token burn mechanism, arguably being the most important one.
And while
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