Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic
David Yaffe-Bellany, Erin Griffith and Ephrat Livni • May 12, 2022
A steep sell-off that gained momentum this week starkly illustrated the risks of the experimental and unregulated digital currencies.
Jerome Powell, the Fed chair, said the central bank is prepared to raise rates more quickly and higher if price pressures fail to fade.
Gas prices cooled down slightly in April but were still at elevated levels, while oil prices remain volatile.
