Crypto’s Quiet Gains: Ownership Climbs Despite Crash in Prices

It has been a rough 18 months for cryptocurrencies. Bitcoin’s price is down over 60% since its 2021 peak, a string of crypto projects and exchanges are failing, and regulators have stepped up enforcement action against some of the industry’s biggest players. The number of people dabbling in cryptocurrency has continued to grow, evidence of the asset class’s staying power.