A major participant in cryptocurrency is also forecasting a bleak year for (BTCIn 2022. Following the United States Federal Reserve’s and other central banks’ tightening of liquidity measures, Huobi Research believes that BTC will enter a bear market. Decentralized finance (DeFi), which is decentralized and autonomous, will expand and adapt. This should lead to decentralized autonomy (DAO), governance becoming an important driver for activity along the chain.

Bitcoin and EtherETHThe cryptocurrency market saw its prices drop by $150 billion on Thursday night. Bitcoin’s price has fallen over the past 24 hour. Lost approximately 7.9%that its value can drop as low as $38,788 by the time it is written.