Aggressive interest rate hikes by the Federal Reserve to combat inflation pushed investors away from "risk-on" assets like crypto.
The Crypto Fear & Greed Index spent a record amount of time in "Extreme Fear" territory during June. cryptoprices_01-06_2022.xlsx
💡 The first half of 2022 proved that "algorithmic" stability was fragile and that crypto remains deeply sensitive to global macroeconomic policy. Aggressive interest rate hikes by the Federal Reserve
The market capitalization of the entire crypto sector shrank significantly during these six months. The market capitalization of the entire crypto sector
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The de-pegging of the algorithmic stablecoin UST caused a death spiral for LUNA, wiping out over $40 billion in market value in days.
Identifying the of that specific window. Calculating percentage drawdowns for specific dates. Comparing stablecoin volume vs. market volatility.