Bitcoin’s Rollercoaster, Inflation Worries, and Airdrops: The Weekly Crypto Recap

The cryptocurrency market had a tumultuous week where many projects went up considerably and then stalled and declined.
Starting with Bitcoin, this time last week, the price was hovering around $61K, but it had no plans of staying there for long. BTC started climbing immediately and by Monday, it was above $65K. This continued and on Wednesday, propelled by fresh inflation woes, the cryptocurrency charted its current all-time high around $69,000. Unfortunately, right after that, the price took a beating, and things took a turn for the worse.
We saw a sharp $6K drop which left over $700 million worth of leveraged long and short positions liquidated. The price consolidated around $65K for a while, but today it’s also decreasing, down 2% in the past 24 hours and sitting right above $63K.
It’s safe to say that the entire market followed through, and many of the cryptocurrencies dropped over the past few days. However, it’s also worth noting that, on a 7-day scale, things don’t look

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