Crypto markets in general have seen some phenomenal price appreciation due to its large appeal as a hedge against inflation. While inflation persists, measure to combat it are being talked up more and more and major central banks, such as the Fed, have started to recognize the longer term effects of persistent inflation. Rates markets have stepped up their expectations of interest rate hikes into 2022 although, such expectations have proven to change – or self-correct – in response to central bank policy statements or evolving news surrounding the Omicron variant.
