Bitcoin (BTC/USD), Dogecoin (DOGE/USD) – If You Invested $1,000 In Bitcoin, Dogecoin And Ethereum On Jan. 1, Here’s How Much You Lost In 2022 So Far
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Here’s a look at how the three most popular cryptocurrencies have fared in 2022 and how much a hypothetical $1,000 investment in each would be worth now.
What happened: After a strong 2021 for the cryptocurrency market, 2022 may go down as one of the industry’s darkest periods.
The biggest stories of the first half were the collapse Terra LUNA/USD and stablecoin Terra USD UST/USD. The stablecoin lost its peg and went well below the $1 level before the crash. This had a ripple effect on the cryptocurrency market, causing many coins to fall in price. Liquidations followed.
Cryptocurrency trading systems and lenders are now facing difficulties with big names like e.g Celsius and Tourist declare bankruptcy. Big news has caused losses for many cryptocurrency investors.
Related Link: 2021 Was The Year Of Dogecoin: A Monthly Retrospective With Top Stories
Investing $1000 in BTC, DOGE, ETH: $1000 investment Bitcoin BTC/USD, Dogecoin DOGE/USD and Ethereum ETH/USD in 2022 would have been a big loss by now.
Bitcoin traded at $46,306.45 on January 1, 2022. A $1,000 investment in Bitcoin on the first day of the year could have bought 0.0216 BTC. Bitcoin is currently valued at $21,514.32. A $1,000 investment would be worth $464.71 at the time of writing.
Dogecoin was trading at $0.1705 on January 1, 2022. A $1,000 investment in Dogecoin on the first day of the year could have bought 5,685.10 DOGE. Dogecoin is currently trading at $0.06469. A $1,000 investment would be worth $367.77 as of this writing.
Ethereum was trading at $3,682.63 on January 1, 2022. A $1,000 investment in Ethereum on the first day of the year could have bought 0.2716 ETH. Ethereum is currently trading at $1,734.34. A $1,000 investment would be worth $471.05 at the time of writing.
A $1,000 investment in each of the three cryptocurrencies on January 1 would now be $1,303.53 on September 10, 2022. That’s a 56.5% loss on a $3,000 investment. The three cryptocurrencies have recovered slightly from the performance of the first half of the year, when a hypothetical $3,000 investment fell 63.9%.
The return for the first half of 2022 is a significant change from 2021, when a hypothetical investment of $1,000 in each of the three cryptocurrencies mentioned was worth $36,471.85 at the end of the year.
The development of the three cryptocurrencies last year was:
Price actions: The 52-week ranges for the three cryptocurrencies are as follows:
Bitcoin: $17,708.62 to $68,789.63
Dogecoin: $0.04972 – $0.3388
Ethereum: $896.11 to $4,891.70