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What caused crypto to crash this time (in five charts) and will it survive?

What caused crypto to crash this time (in five charts) and will it survive?

Investors are fleeing from risky assets and into safer ones - and that means crypto, which delivered investors eye-watering yields over the past couple of years, is now under a lot of pressure.

Jessica Sier and Les Hewitt
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Rising interest rates worldwide have prompted investors to flee from risky assets and into safer ones.

As one of the riskiest assets around, the eye-watering yields that crypto investors have enjoyed the past two years are also under heavy pressure.

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Jessica Sier
Jessica SierNorth Asia correspondentJessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
Les Hewitt
Les HewittSenior interactive graphics designerLes Hewitt is senior interactive graphics designer for The Australian Financial Review. Email Les at lhewitt@nine.com.au

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Original URL: https://www.afr.com/technology/what-caused-crypto-to-crash-this-time-in-five-charts-and-will-it-survive-20220711-p5b0ps