Over the past few years, the crypto market finds itself in something of a rollercoaster. To begin with, the global economy was staggered by the coronavirus pandemic, which caused cryptocurrencies to drop in value. This was followed by positive growth and a major ATH of over $63,000. Still, as of 2022, all stock prices sink again. Nowadays, the first-ever cryptocurrency keeps suffering losses. As it always happens, the whole crypto market collapses because of the Bitcoin’s collapse. All the events are explained by the tightening of the U.S. Federal Reserve policy, hiking rates in order to curb inflation in the country. In the meantime, traders are dumping their assets wholesale.
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