Inflation

The recent breakthrough of the $30,000 price level has already been taken as the first real sign of the coming crypto spring. Bitcoin and cryptocurrency experts are already placing their bets on the next possible price movement.

An annual inflation rate of 100% is prompting Argentines to increasingly opt for cryptocurrencies.

2022 was a year that saw the massive collapse of high-profile companies and the crash of crypto prices. The year's events left many investors with fears and made it difficult for cryptocurrency market analysts to predict prices.

In March 2016, Clash Royale was officially launched to the world. This game which combines elements from collectible card, tower defense, and multiplayer online battle is still considered a classic by most players due to its strategy gameplay, which is rather impressive.

The cryptocurrency market is on the rise and the demand for cryptoassets is increasing globally due to the inflation that several countries, including the United States, are experiencing.

The outbreak of COVID-19 has led to a significant decline in economic growth. The recent economic challenge is associated with inflation that was triggered by governments printing more money to offset the negative impacts of the pandemic. Probably, this is the reason for such striking interest in the crypto market as it is inflation-friendly.

The inflation in Turkey is currently at about 16.2% and this is corroding the lira’s value. The Turkish citizens are now frustrated with the economic turmoil in the country and are now seeking safe haven in cryptocurrencies. Small businesses have now started to accept payment in Bitcoin, and this has pushed its price high to make a new record high of over $63,000.

Due to the hyperinflation of the local currency, Iran is planning to use locally mined cryptocurrency for car import.

The use of Bitcoin and other digital currencies has played a big role in the economic recession caused by Coronavirus. A lot of people, businesses and companies have stored their wealth in cryptocurrency in fear of inflation caused by the financial crisis due to the pandemic.