this year with hikes going from 0.25% to as high as 1% by the end of the year. Many market pundits believe the growing concern around inflation added with the omicron rise has led to sell-off on Wall Street, which eventually trickled down to the crypto market.
The user went on to add that the volatility in the crypto market is the reason behind “why bonds and stocks are crashing because everybody gambled on crypto and took money out of other assets to do so!”could have fueled the crash earlier. Because of ETFs and institutional investors, BTC has become more intertwined with the equity markets. The cryptocurrency market has been swaying in lockstep with Wall Street.
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