Most Public Crypto Firms Underperformed Bitcoin In 2022, Miners Hit Worst

Data shows almost all the big public crypto companies have underperformed Bitcoin this year, with the mining firms taking an especially hard hit.
Most Public Mining Companies Saw Drawdowns Of 90% Or More In 2022
As per the year-end report from Arcane Research, 2022 was a very challenging year for public firms in the crypto sector. The below chart displays the drawdowns in the valuations of some of the big players in the market, as well as that of Bitcoin, during the last twelve months:
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