Crypto Holiday Special: Unpacking the Year’s Highs and Lows

• This Crypto Holiday Special is a look into the crypto industry from multiple perspectives.
• We spoke with institutions to get their outlook on the crypto industry for 2022.
• Material Indicators shared their view on the market sentiment and liquidity and tried to provide a clearer view of the conditions and possible direction of the market.

The end of 2022 is fast approaching and the staff at Bitcoinist has decided to launch a Crypto Holiday Special to provide some insight into the crypto industry. This special will attempt to explore the highs and lows of the year from different angles, look at its possible trajectory for 2023, and find common ground amongst the various interpretations of this industry.

To get a better understanding of how the crypto market has shifted from the euphoria of Christmas 2021 to the perpetual fear of today, we spoke with multiple institutions to get their perspective. One of the most interesting interviews was with Material Indicators, a market data and analytics firm dedicated to building trading tools for the nascent sector.

Material Indicators shared their view on the market sentiment and liquidity, and tried to provide a clearer view of the conditions and possible direction of the market. They noted that while traditional finances have yet to price in any sort of earnings contraction for the last leg down, they are already close to bottoming sentiment-wise. They also pointed out that Bitcoin’s liquidity is still relatively shallow, compared to other asset classes, and that this will limit the amount of price discovery that can take place.

In addition to our interviews, we also looked at past events, such as the DeFi boom, the NFT hype, and the institutional adoption of crypto, to get a better idea of how the industry has evolved over the past year. We also looked at how governments and regulators have responded to the growth of the crypto market and how different countries have had different approaches to regulations.

Finally, we looked at the potential for crypto in 2023, with some experts predicting a major bull run and a rise in institutional investments. Others, however, warned that the industry still has a long way to go, and that it may take longer for the market to mature and for more traditional investors to enter the space.

Ultimately, this Crypto Holiday Special is meant to provide an overview of the crypto industry from multiple perspectives and to provide a better understanding of the highs and lows of the year. With the industry continuing to evolve and the outlook for 2023 still uncertain, it’s clear that the crypto market still has a long way to go before it will reach its full potential.