The rise and fall of crypto. A return from a mental health break and love of music, culture and shared experience. Africa Allah returns for the second half of season 23.
Crypto is being hit by the same factors impacting stocks and other assets.
Consumer prices are surging at the fastest annual pace in over four decades, and the Federal Reserve is hiking interest rates aggressively to bring down inflation.
Higher interest rates make borrowing costs more expensive for people and companies, and that’s raising concerns about an economic recession.
Stocks have fallen dramatically from records set in January, with the broad S&P 500 index entering a bear market this week (when an index falls 20% or more from its recent high).
ECONOMY
Who are the winners and losers of the Fed hiking interest rates?
Cryptocurrencies have hardly been immune. Since Bitcoin hit an all-time high in November, the value of the world’s most popular digital currency has fallen by about 70%, and its rivals are also suffering. Ether is down by around 70% this year, and so is Dogecoin.
Bitcoin’s backers have always claimed the digital currency would be an “inflation hedge,” but in fact, it hasn’t behaved that way.
Playlist
Gotta Move On (Instrumental) 00:17:24 Gotta Move On (Clean) 00:09:02 Liability 00:04:50 Down Hill 00:04:02 Falling Back 00:03:00 Currents 00:02:57 Throw a Lil Mo (Do It) (Clean) 00:03:25 Hotel Lobby (Intro Outro) (Clean) 00:03:21 Rich B*tch Walk (Clean) 00:03:40 Sticky 00:02:32 See Wat I'm Sayin' (Clean) 00:03:20 Baby Boo (Clean) 00:04:15 Hold That Heat (PO Clean Edit) 00:06:11 Sunshine (PO Clean Edit) 00:05:31 Cater (Clean Edit) 00:05:41 Lie Again 00:02:03 Lie Again 00:04:07 D.N.A. 00:03:10 NOT LEAVING 00:02:31 ROCKET FUEL RIDDIM (INSTRUMENTAL) 00:02:35 GOOD RIDE 00:02:22 PARTY CAN'T DONE 00:01:51 MECHANIC 00:03:16 "FAIR EXCHANGE" SOME OF THIS 00:03:08 First Time 00:01:01 Peter Ram - Pumpin [2021] 11 00:01:36 Nadia Batson - Sweetest Feeling (Tilt Riddim) 2022 Soca 00:01:37 Lexxi - Drop It Down (Boat Cruise Riddim) 2022 Soca 00:01:24 Patrice Roberts - I Good (Boat Cruise Riddim) Official Visualizer 2022 SOca 00:01:45 Destra Garcia - Special Delight (Boat Cruise Riddim) 2022 Soca 00:01:40 Lexxi - Drop It Down (Boat Cruise Riddim) 2022 Soca 00:01:24 Lyrikal - Soca Forever (Tilt Riddim) 2022 Soca 00:01:41 Mical Teja - Take Front (Turbulence Riddim) 2022 Soca Precision Productions 00:01:29 Melly Rose (Feat. Sekon Sta) - Wah Ya Want (Turbulence Riddim) 2022 Soca Precision Productions 01:56:58 Jagwa De Champ - Animal (Bad Weather Riddim) 2022 Soca 01:55:51