How did crypto crash affect the crypto market?

But it was wiped out in the span of days when investors panicked and tried to pull out their money, causing a vicious, self-enforcing bank run. The crash bankrupted many investors and pulled down the entire crypto market with it: over $400 billion in value was wiped out in terms of crypto market capitalization.

When did crypto become more real?

The currencies and tokens may have been virtual, but crypto became more real for many Americans in the early months of the year. The industry seemed to reach "peak hype" in January and February, says Molly White, a fellow at Harvard University who is a crypto skeptic.

How did crypto affect the Super Bowl?

Crypto companies spent tens of millions of dollars on marketing, swamping the Super Bowl with commercials. The currencies and tokens may have been virtual, but crypto became more real for many Americans in the early months of the year.

Does inflation affect cryptocurrencies?

Bitcoin is often seen as a good hedge against inflation. That means inflation doesn't affect the top cryptocurrency. It might not be true every time; at least, that's what the market witnessed this week. High inflation and tighter monetary policy affected crypto investors as well, resulting in the collapse of the market.