currencies have previously warned that declines in token prices could have ripple effects, including by triggering margin calls.more broadly,” said Joseph Edwards, head of financial strategy at fund management firm Solrise Finance.markets have dived in the past few weeks as rising interest rates and surging inflation prompted investors to ditch riskier assets across financial markets.
US inflation data on Friday, which showed the largest price increase since 1981, prompting investors to raise their bets on Federal Reserve rate hikes.market nosedive, Jay Hatfield, chief investment officer at Infrastructure Capital Management, wrote in a note on Monday.cryptocurrency investors have also been rattled by the collapse of the terraUSD and luna tokens in May which was shortly followed by Tether, the world’s largest stablecoin, briefly breaking its 1:1 peg with the dollar.
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