Trading cryptocurrencies (cryptocurrencies) such as bitcoin and ethereum in the next year will face various challenges. Crypto money has the potential to experience a sharp decline in price until the emergence of various strict rules in cryptocurrency trading.

Quoted from CNBC International, the price and market capitalization of cryptocurrencies this year has skyrocketed. The combined value of these digital currencies has increased by almost 70% since early 2021, to $2 trillion.

The price of bitcoin for example, in early 2021 reached US $ 32 thousand. As of today, the price of bitcoin has reached US$ 48 thousand, even reaching a record above US$ 60 thousand as of November.

The market capitalization of bitcoin had touched the number above US $ 1 trillion. But now, its market capitalization has decreased to US$ 919 billion.

Ethereum also experienced rapid development this year. As of the beginning of the year, the price of ethereum was only around US $ 700. Now, the price of ethereum is US $ 3,986. Last month, the price of ethereum hit a record above $4,500.

Chief equity strategist at Union Bank Todd Lowenstein also said that a sharp decline could occur next year. According to him, many cryptocurrency proponents say that today is different from 2018, because more institutional investors are entering the market. However, according to him now is the same as 2018.