External Factors Might Have an Impact on Cryptocurrency Prices

A decrease in U.S. stock market futures has occurred at the same time as the most recent cryptocurrency sell-off. These decreases could be explained by the fact that the consumer price index increased by 8.5 percent year over year (YOY) in March (CPI). The prospect of a short- to medium-term recession is still a major worry due to inflation. Investors who consider cryptocurrencies as a reliable alternative investment during periods of market instability should pay close attention to how cryptocurrency values shift when the Federal Reserve attempts to reduce inflation.