THECRYPTO.WATCH – The market continues to show negative sentiment, sluggish and even bloody today. Many investors incur losses. What’s happening with crypto today
Towards the beginning of 2022, the price of crypto coins continued to fall until they reached a minus point. Investors wonder, what’s happening with crypto today? Various analyses of causes began to be put forward by crypto trading analysts. Omicron variant on the list of causes!
What’s With Crypto Today? Analysis of The Causes
The crypto market today looks bloody, so many investors experience losses. Here are some analyses of the causes of the red crypto coin market today.
1. America’s massive inflation
As a result of the COVID-19 pandemic that hit the global economy, Uncle Sam’s country experienced a severe economic downturn and it was unable to pay off its debts.
The government’s policy to print money during the pandemic has also made the rate of inflation unstoppable. The reason is, this inflation is the worst inflation in the last 30 years.
The President of the United States, John Biden began to take several inflation suppression measures. He also began to ask for the suspension of debt to a number of countries. This seems to add negative sentiment to the market. And it raises the question: what is happening with crypto today?