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Features

Is crypto back?

Might cryptocurrencies stage a return?

20 August 2022

9:00 AM

20 August 2022

9:00 AM

This time it was surely all over. As inflation started to rise towards a 40-year high, as central banks started raising interest rates for the first time in more than a decade, and as the monetary printing presses finally stopped running, the crypto-currencies crashed.

What a crash it was. Bitcoin, the best-known crypto, fell all the way from $61,000 last November to less than $19,000 in June, a spectacular drop of more than two thirds.

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