--- title: "Crypto Stocks Are Doing Absolutely Horribly" description: "Stock Drop The stocks of cryptocurrency-focused companies are in a nose dive, falling as much as 60 percent this year alone, The Wall Street Journal reports, signaling a significant drop-off in interest, and a divergence between those companies’ stocks and the values of cryptocurrencies themselves. Coinbase is down a whopping 42 percent so far this […]" date: "2022-04-19" modified: "2022-04-19" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/the-byte/crypto-stocks-are-doing-absolutely-horribly" categories: - "Blockchain" - "Cryptocurrency" - "Future Society" tags: - "bitcoin" - "cryptocurrencies" - "the digest" --- # Crypto Stocks Are Doing Absolutely Horribly ![]() *\Image: Futurism\* ## Stock Drop The stocks of cryptocurrency-focused companies are in a nose dive, falling as much as 60 percent this year alone, [*The Wall Street Journal* reports](), signaling a significant drop-off in interest — and a divergence between crypto companies' stocks and the values of actual blockchain products, which are also down but not as much. The [scandal-plagued ]()[Coinbase]() is down a whopping 42 percent so far this year, while Riot Blockchain, a mining company, is down 34 percent over the same period, according to the *WSJ*. Market capitalization of publicly traded crypto companies fell from $100 billion in November, around the time the value of Bitcoin hit record highs, to a far more modest $40 billion today. In other words, consumer interest may be waning, with trading volumes falling significantly lately. After all, companies like Coinbase, which is still the number one US crypto company by market cap, rely on transaction fees to make money. ## Regulation Blues While cryptocurrencies also aren't having a stellar 2022, they're not experiencing the same precipitous drop. Bitcoin is down 12 percent this year, according to *WSJ*, while Ether is down 19 over the same period. So what's actually causing crypto stocks to fall this year? It may be related to increasing talk of regulation. For instance, European Union regulators could soon require crypto firms to disclose transaction details, an [effort to curb money laundering efforts](). Crypto companies, however, are now joining forces to [fight these new laws](). How crypto firms will end up adopting to these new regulatory frameworks — and how that will affect their market shares long term — remains to be seen. **READ MORE:** [Crypto Stocks Perform Worse Than Cryptocurrencies]() \[*The Wall Street Journal*\] **More on crypto markets:** *[Bored Ape Yacht Club Donates $1 Million in Crypto to Ukraine]()* ## Author I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida. ### Author social links [Bluesky]()