Here’s Why $80 Billion Was Wiped Off The Crypto Market

Over the last 24 hours, a substantial amount has been wiped off the crypto market. Billions of dollars were taken off the market cap as cryptocurrencies such as bitcoin lost about 10% of their value in the same time period. Following this, Charles Hoskinson, founder of the Cardano network, has shared his thoughts on what caused the market to crash.
Inflation Is The Culprit
Taking to Twitter, Cardano founder Charles Hoskinson explained that the high inflation rate was the reason behind the market