Is the Bitcoin Crash Good for Investors?

Too Long; Didn't Read

In June of 2022, the crypto market saw one of its biggest crashes in recent history. Inflation in the U.S. was at its highest point in decades throughout 2022, something that only got worse once Russia invaded Ukraine. In response, the US Federal Reserve decided to hike up interest rates by 0.5%, which is the biggest hike that the US has seen in almost 2 decades. This has a disastrous effect on cryptocurrencies, including Bitcoin. Bitcoin's peak in April of 2022 was around $41,000, but shortly after the interest rate hike was announced in May, the price of Bitcoin crashed down to around $28,000.