Investing.com – Crypto markets keep falling as the Federal Reserve rushes to tighten monetary policy to combat runaway inflation. In its last intervention this week, the US central bank maintained the same determined and aggressive tone and could start raising rates as early as March while reducing its balance sheet by then.
The cryptos had benefited from the liberal policies exercised during the period of the pandemic to support the economy. This asset class was able to attract investors of all sizes who were looking for inflation protection and an unbridled monetary system.
Despite this, cryptos could still have a bright future given the growing enthusiasm and the arrival and development of real applications. In addition regulators and governments take it more seriously as is the case in the United States
The cryptos that benefited the most from this week’s conditions are:
currently at $1.02, is up 17.49% in the last 7 days and 7.19% on a monthly basis and ranks 87th with a capitalization of $0.8 billion.
currently at $59.44, is up 2.62% in the last 7 days and down 15.90% on a monthly basis and ranks 91st with a capitalization of $0.8 billion.
currently at $0.4119, is up 2.19% in the last 7 days and down 27.10% on a monthly basis and ranks 17th with a capitalization of $10.4 billion.
currently at $0.1724, is up 1.63% in the last 7 days and down 13.02% on a monthly basis and ranks 85th with a capitalization of $0.9 billion.
currently at $27.62, is up 1.22% in the last 7 days and down 27.76% on a monthly basis and ranks 40th with a capitalization of $3.0 billion.
However, the market did not only see increases, but recorded losses as well:
Convex Finance, currently at $24.05, is down 31.45% in the last 7 days and 50.66% on a monthly basis and ranks 75th with a capitalization of $1.1 billion.
currently at $51.14, is down 30.46% in the last 7 days and 40.34% on a monthly basis and ranks 9th with a capitalization of $20.5 billion.
Pancake Swap, currently at $7.06, is down 28.89% in the last 7 days and 40.81% on a monthly basis and ranks 54th with a capitalization of $1.8 billion.
currently at $2.26, is down 28.86% in the last 7 days and 34.58% on a monthly basis and ranks 90th with a capitalization of $0.8 billion.
currently at $46.52, is down 28.65% in the last 7 days and 51.87% on a monthly basis and ranks 44th with a capitalization of $2.8 billion.