Crypto Market Trades Sideways As The Inflation Fear Kicks In, What’s Ahead?

Crypto Market Trades Sideways As The Inflation Fear Kicks In, What’s Ahead?


The past week brought hope and confidence to lots of crypto participants. This is due to the growth seen in most major cryptocurrency tokens as they witness some price increase. However, happy days seem to be cut short suddenly as prices twist in reverse.

The last 24 hours have thrown the crypto market into a confusing state and tension as prices dip. Some crypto experts are afraid that increasing inflation could lead to another period of bear markets. Most of the leading crypto assets are experiencing a downward climb after rising considerably in last week’s space.

Bitcoin price has dropped beneath the $23,000 level again. It’s currently trading around $23,0760 after it had climbed up to $24,500. Ethereum is not doing any better as its

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