The Banking Executive Magazine - July 2022 Issue

Inflation and Crypto THE RELATIONSHIP BETWEEN CRYPTOCURRENCIES AND INFLATION Latest news update reveals cryp- tocurrencies and inflation are going in opposite direction, while inflation is rising the cryptocurrency market is slumping. Binance presents a complete analysis of inflation and its relationship with cryptocurrency. Binance is an online exchange where users can trade cryptocurrencies. It supports most commonly traded cryptocurrencies. Binance provides a crypto wallet for traders to store their electronic funds. The exchange also has supporting services for users to earn interest or transact using cryptocurrencies. Below is a highlight of the key points raised in Binance analysis of the role of crypto currencies and bitcoin dur- ing inflation. the BANKING EXECUTIVE 10 ISSUE 163 JULY 2022 Figure 2. Prices, market cap, and circulating supply of most active cryptocurrencies (Source: Markets Insider https://markets.businessinsider.com/cryptocurrencies )