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Crypto was once touted as a ‘safe haven’ asset – why did it crash too this week?

  • Written by: Marta Khomyn, Lecturer, Finance and Data Analytics, University of Adelaide
Crypto was once touted as a ‘safe haven’ asset – why did it crash too this week?Arsenii Palivoda/Shutterstock

We’ve just seen how quickly market turbulence can spread across the world of finance.

At the start of the week, fears of a US recession and a Japanese interest rate hike sent shockwaves across equity markets, currency markets (also known as forex markets) and bond markets.

The Dow Jones Industrial Average –...

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