In 2022, coin prices have been on a downward trend, with Bitcoin and Ethereum falling by 1.5% over the last seven days. SOL dropped by 17% and hit a two-year low, while Dogecoin also posted significant losses, dropping 11%. However, OKB was the only cryptocurrency in the top thirty to rally big this week, with a 15.4% increase.
In other news, Japan’s Financial Services Agency issued draft guidelines on the acceptance of foreign-issued stablecoins, while Turkey’s central bank completed the first set of tests for a digital lira. Despite the overall decline in coin prices, there are still some cryptocurrencies showing positive movement.
Overall, it has been a tough year for coin prices, but there are still some developments in the cryptocurrency world to keep an eye on. Thank you for watching.