Bitcoin and other cryptocurrencies have seen their prices decline rapidly in recent times as inflation has wreaked havoc across the market. The capitulation has seen Bitcoin lose almost 75% of its value since November 2021. The aggressive selling has seen the price fall to its lowest levels since November 2020. The theory that Bitcoin would be a hedge against inflation seems have dissipated as the volatility the price has fallen as interest rates have increased. This shows how Bitcoin correlates more with riskier assets as opposed to steadier inflation hedges such as gold. The volatility surrounding BTC also picked ... (full story)