Bitcoin and ether are off more than 50% from their all-time highs, trading at their lowest levels since July.
, as they prepare for tighter monetary policy from the U.S. Federal Reserve.
"It's possible that macro economic concerns, such as the Fed's response to inflation rates, have facilitated more de-risking activity in general," said Juthica Chou, head of OTC options trading at Kraken. "The recent price drop, coupled with high volatility, could be leading to further selling as participants look to reduce risk."Investors are also assessing the impact of further regulation on the cryptocurrency market.
Investors are also grappling with rising inflation. Bitcoin proponents have long suggested the digital coin is a hedge against inflation, but that theory has not held up for many newer investors. As institutional interest poured into bitcoin last year, there are
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