Bitcoin prices are now down 50% year to date and are trading well off their all-time highs around $69,000 in November 2021. Total cryptocurrency market capitalization fell below $1 trillion this morning for the first time since February 2021, according to data from CoinMarketCap.com. The immediate trigger for the crypto crash appears to be a massive sell-off by investors amid heightened inflation fears and pausing of withdrawal by crypto lending service Celsius. Investors are also continuing to stay away from riskier assets, which is reflecting in the stock markets as well.


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