Published by
ValueWalk
ValueWalk
“Fears about rampant inflation and the abrupt ending of the era of cheap money have sent cryptocurrencies careering down a cliff edge, as investors scuttle away from risky assets. Crypto fans, lulled into a false sense of security amid sharp price rises during the pandemic, are now facing a rude awakening with assets plunging across the board with Ether down by just under 20% since yesterday, despite notching up a slightly recovery in the last few hours. Bitcoin has crawled back up from its low of $26,000 reached early today, and is currently trading a nudge above $28,000 but it’s down 20% ove…