In 2022, the crypto market experienced a significant downturn. Over $1.3 trillion was lost in value, and the price of bitcoin, the most prominent digital currency, dropped by more than 60%.

Solana was promoted as a cryptocurrency that could rival ether with its environmentally-friendly approach, quicker transaction times, and more consistent fees.

Digital currency exchange Kraken will be shutting down its operations in Japan next month.

Core Scientific Inc. surged by a record 273% on Thursday, just a day after the Bitcoin miner became the latest cryptocurrency company to file for bankruptcy.

On Wednesday, the head of India's central bank cautioned that if private cryptocurrencies are allowed to expand, the next financial crisis could be triggered by them.

Binance Coin (BNB) has seen a 4% increase in the past 48 hours, ending a seven-day period of losses that had been the longest since October.