The crypto has lost 70% of its total market capitalization in 2022 with the price of Bitcoin and other large cryptocurrencies crashing by over 40% in the past two months alone. The downside price action has not had an impact on the growth of the nascent industry.
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According to a report from Architect Partners posted by Arcane Research, crypto Merger and Acquisitions (M&A) deals matched last year’s metrics. As of June 31, there have been 92 deals in and seem poised to end the year at 184, slightly higher than 2021.