Aggressive interest rate hikes by the Federal Reserve to combat inflation pushed investors away from "risk-on" assets like crypto.
The market capitalization of the entire crypto sector shrank significantly during these six months. cryptoprices_01-06_2022.xlsx
Experienced a total collapse in May, falling from an all-time high of $119 to effectively zero . Aggressive interest rate hikes by the Federal Reserve
Followed a similar path, falling from around $3,700 to under $1,100 . falling from around $3