The price of crypto coins has dropped, the biggest depression since the end of 2020. Eleven crypto currencies have suffered the descent and, according to El Salto, a new "cryptocrash" is occurring.

The Decrypt guide to the Bitcoin currency explains that vitcoine was created as "anti-inflationary coverage," but in 2022 it is not. Decrypt adds that crypto currencies and technology stocks are declining at the same time, and to this we add the next day of COVID-19, "with the probable components in our hands, to be a market with a long downward trend, both for crypto currencies and for variable income."

Cryptocurrency is the digital way of buying and selling: "Unlike national currencies, cryptocurrencies are not printed and there is no state, i.e. a central bank to control and regulate trade. The algorithms claim that there is no fraud: in buying a bitcoin, members of the cryptocurrency network, known as miners, receive information with a mathematical calculation that needs to be right as quickly as possible (this phase is known as Proff of work or "Work Test"), we can read "Although we know that the bubble can explode, Salvador has become monchoin and official in the report." The first cryptocurrency was born in 2008: Bitcoin. It was launched in 2009 and eleven new crypto currencies have been created since then.

How has it happened?

Inflation, stock market uncertainty, investor concerns, the influence of the Ukrainian war on the economy and other factors influence the price of crypto currencies. According to BBC News, technology companies have fallen a lot and are generating “historical losses” on the stock market.