The condition of cryptocurrency is quite bad. Crypto pushed by inflation. Inflation is going on all over the world. Prices of all types of cryptocurrencies are falling sharply. Bad times are happening for the cryptocurrency market. Cryptocurrency prices continue to fall. Prices for all types of cryptocurrencies have fallen. From Bitcoin to Ethereum – all types of cryptocurrencies fall in price. This fall in prices is continuous.
But why the fall in prices? The simple answer is inflation! The 200 billion crypto has virtually collapsed from the market due to inflation. Inflation is on the rise all over the world. The Russia-Ukraine conflict is pushing the world’s financial situation harder. Financial inflation continues to rise everywhere from the First World to the Third World. For example, England. The severe financial crisis in England. The recession is going on. Not just in England, but in many other countries as well.
Therefore, starting from the country’s banks, banks all over the world are also taking various steps. What is this step? Make some adjustments to monetary policy. Banks around the world are trying to stem inflation by tightening monetary policy. Cryptocurrencies have had to face the pressure of selling them to curb this monetary policy. Naturally, prices are changing. The prices of cryptocurrencies are falling.
Prices of various cryptocurrencies, such as Bitcoin and Ethereum, have fallen. Bitcoin prices were already falling. Prices fell below 40 thousand. This time the price has fallen further. In the last 24 hours, the price has dropped by about 10%.
A further fall in prices after going below 40,000 USD is worrying investors. Ethereum is another famous cryptocurrency. The price of this cryptocurrency has also dropped by about 16%. Investors are worried about falling prices. It remains to be seen when the cryptocurrency will turn around from this fall in prices.
