Bitcoin and other cryptocurrencies are in freefall as investors flee risky assets amid rising interest rates. The world's largest cryptocurrency trading platform, Binance, has also temporarily suspended cryptocurrency withdrawals.
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The National is CBC's flagship nightly news program, featuring the day's top stories with in-depth and original journalism, with hosts Adrienne Arsenault and Andrew Chang in Toronto, Ian Hanomansing in Vancouver and the CBC's chief political correspondent, Rosemary Barton in Ottawa.
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Francisco Gimeno - BC Analyst Some months ago, most people were talking about crypto being safe assets in case of problems in fiat economy, particularly Bitcoin as a refuge asset, as gold is. Now, crypto currencies have joined the stock markets and investors flee from them too. Why all these changes and these fears? With the prices going down, interest rates going up, inflation and talks about many crypto assets lacking fundamentals, there is a lot of fear out there. Let's continue think long term, maintain the calm and bet for a new market. Meanwhile be careful out there, the situation is real rough.