Digital currencies had a phenomenal year, and a great deal of the crypto assets in existence reached all-time high (ATH) prices against the world’s fiat currencies. However, the same digital currencies that tapped ATHs last year are currently down a great deal in value, as numerous cryptocurrencies have lost 30% or more since 2021’s price highs.
Crypto Values Are Lower Than Last Year’s Price Highs
2021 was a good year for crypto assets as numerous blockchain networks swelled in fiat value as billions upon billions were added to the alternative digital economy. Bitcoin (BTC) broke its previous ATH recorded in December 2017 at the end of 2020, when it surpassed the $20K per unit zone.
BTC’s price continued to rise higher into 2021 and