{"id":19923,"date":"2022-06-15T04:06:51","date_gmt":"2022-06-15T04:06:51","guid":{"rendered":"http:\/\/egrowonline.com\/?p=19923"},"modified":"2022-06-15T04:06:51","modified_gmt":"2022-06-15T04:06:51","slug":"if-you-held-1000-in-bitcoin-ethereum-and-dogecoin-on-new-years-day-heres-how-much-you-wouldve-lost-this-year-by-benzinga","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=19923","title":{"rendered":"If You Held $1,000 In Bitcoin, Ethereum, And Dogecoin On New Year’s Day, Here’s How Much You Would’ve Lost This Year By Benzinga"},"content":{"rendered":"


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\n\u00a9 Reuters If You Held $1,000 In Bitcoin, Ethereum, And Dogecoin On New Year’s Day, Here’s How Much You Would’ve Lost This Year<\/span>
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The cryptocurrency markets have been in a sharp downtrend over the last week. The market cap of the crypto sector currently sits at $977 billion, which is approximately one-third of its all-time high. Consequently, retail investors globally have suffered major losses, as most cryptocurrencies are trading 70% below their all-time highs.<\/p>\n

Here\u2019s a look into how much you would have lost year-to-date if you held $1,000 in (CRYPTO: BTC), (CRYPTO: ETH) and (CRYPTO: DOGE):<\/p>\n

Bitcoin: On Jan. 1, 2022, Bitcoin was trading at $47,686 and is trading at $22,499. Therefore, with a return rate of negative 52.81%, $1,000 invested at the start of the year would be worth $471.81.<\/p>\n

Ethereum: On Jan. 1, 2022, Ethereum was trading at $3,769 and it now is trading at $1,230. Thus, with a return rate of negative 67.36%, $1,000 invested at the outset of the year would currently be worth $326.30. <\/p>\n

Dogecoin: On Jan. 1, 2022, Dogecoin was trading at $0.1730 and presently is trading at $0.056. With a return rate of negative 67.63%, $1,000 invested at the beginning of the year would be worth $323.60. <\/p>\n

The Crypto Landscape: The latest crypto crash can be attributed to a multitude of factors. Increased inflation fears and the halting of cryptocurrency lending firms, such as Celsius, occurring within a month of the infamous crash of (CRYPTO: LUNA), serve as the immediate catalysts for such sharp price action.<\/p>\n

In the macro scheme of things, there are fears of an impending recession, after the latest CPI data indicated inflation rates being at an all-time high of 8.6%, causing investors globally to behave in a risk-averse manner.<\/p>\n

Benzinga’s Take: It is good to remember that crashes are natural for the cryptocurrency market. $1,000 invested in Bitcoin exactly two years ago, on June 14, 2020, would be worth $2,334.<\/p>\n

Furthermore, $1,000 invested in Ethereum on the same date would be worth $6,216.<\/p>\n

Dogecoin over the same span of time grew from $1,000 to $23,584. Therefore, over a horizon of multiple years, the cryptocurrency markets have rewarded patient investors.<\/p>\n

\u00a9 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n

Read the original article on Benzinga<\/a><\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters If You Held $1,000 In Bitcoin, Ethereum, And Dogecoin On New Year’s Day, Here’s How Much You Would’ve Lost This Year The cryptocurrency markets have been in a sharp downtrend over the last week. The market cap of the crypto sector currently sits at $977 billion, which is approximately one-third of its all-time […]<\/p>\n","protected":false},"author":1,"featured_media":4502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[4726,50,88,85,158,2824,164,1687,9006,547,1507],"class_list":["post-19923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-benzinga","tag-bitcoin","tag-day","tag-dogecoin","tag-ethereum","tag-held","tag-heres","tag-lost","tag-wouldve","tag-year","tag-years"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/01\/Ethereum_800x533_L_1637103966.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19923"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19923\/revisions"}],"predecessor-version":[{"id":19924,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19923\/revisions\/19924"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/4502"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19923"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}