Wild swings are common with cryptocurrencies, but not many would have predicted stablecoins – that are touted as secure – could crash.
The unexpected fall in prices has sent the crypto world into meltdown as investors went into what has been compared with a “traditional run” on the banks.
Bitcoin reached its lowest point since 2020 and more than $500bn has been knocked off the sector’s trillion-dollar total market value. The coins later recovered some ground, but investor sentiment remains volatile.
Elsewhere, governments are increasingly tightening their grip on food supplies. Can trade protectionism be avoided?
Published On 21 May 2022