Crypto Market Quarterly Review (Q4 2022)

San Francisco • January 19, 2023

Q4 was an incredibly difficult quarter for crypto. Now the question is: Will we get a recovery in 2023? In this report, the research team puts that question in context with analysis covering the impact of FTX’s collapse, Bitcoin’s historical four-year performance cycle, Ethereum’s first quarter as a proof-of-stake network, and the biggest events across decentralized finance (DeFi), NFTs, crypto equities, and more.

Download the Full Report

Access this report for key trends and insights that have shaped crypto markets in recent months.

About Bitwise

Bitwise Asset Management is the largest crypto index fund manager in America. Thousands of financial advisors, family offices, and institutional investors partner with Bitwise to understand and access the opportunities in crypto. For six years, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETFs, separately managed accounts, private funds, and hedge fund strategies. Bitwise is known for providing unparalleled client support through expert research and commentary, its nationwide client team of crypto specialists, and its deep access to the crypto ecosystem. The Bitwise team of more than 60 professionals combines expertise in technology and asset management with backgrounds including BlackRock, Millennium,, Meta, Google, and the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and has been profiled in Institutional Investor, Barron’s, Bloomberg, and The Wall Street Journal. It has offices in San Francisco and New York. For more information, visit

  • Matt Hougan

    Matt Hougan

    Chief Investment Officer
  • Alyssa Choo

    Crypto Research Analyst
  • Anais Rachel

    Crypto Research Analyst
  • Gayatri Choudhury

    Senior Quantitative Research Analyst
  • Juan Leon

    Senior Investment Strategist
  • Ryan Rasmussen

    Head of Research
  • Mallika Kolar

    Quantitative Research Analyst
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