How Banning Tornado Cash and Taming Inflation Affected the Crypto Market

The total cryptoassets market cap decreased by around 10% month-over-month, according to data gathered by CoinMarketCap.

The decline followed the hawkish measures the Federal Reserve’s chair alluded to in his speech on Friday. Bitcoin and Ethereum declined by -16.

26% and -10.

1% respectively.

As shown in the figure below, last month’s three outliers appear to be.