Crypto market cap dips below $1 trillion as inflation anxieties bubble to the surface

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City AM

By Darren Parkin The market cap of all cryptocurrencies combined has dipped below $1 trillion for the first time since the January rally as fresh worries around unabating inflation and actions by government bodies apply downward pressure on crypto prices. Bitcoin has dipped below $22,000 and is trading for $21,699 (-1.46%) this morning, while Ethereum is trading for $1,538 (-0.89%). The uncertainty in the market is reflected in the Fear & Greed Index, which has slid into “Fear” territory for the first time in weeks, and has also spilled over into the rest of the crypto markets. Yesterday’s Cry…

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