Yes the world’s largest cryptocurrency by market value, bitcoin (BTC), saw a roughly 64% decline in value year-to-date, CoinDesk research shows that bitcoin and ether returns in 2022 per unit of risk were about the same as equities and significantly better than bonds.

“We want to underscore this is not too different from what you would see in traditional markets, especially stock markets,” said Andrew Baehr, CoinDesk Indices managing director, on First Mover CoinDeskTV.

“Look at some of the darlings that people were really excited about 18 months ago in stocks, they’ve lost 80-90% of their value as well.”