The decline in the cryptocurrency market has not had a negative impact on the issuance rate of new digital assets. CoinDesk writes that analysts at Morgan Stanley came to these conclusions.

Over the past week, about a hundred new coins have appeared.

Experts noted that policy tightening is expected. fed It contributed to the crypto market capitalization falling from $2.92 trillion to the current $1.9 trillion.

Since the beginning of 2020, a ten-fold increase in the indicator correlated well with the global increase in money supply against the backdrop of monetary stimulus from the Central Bank in the context of the pandemic. However, experts stressed that “liquidity-based trading in cryptocurrencies” is now reversed.

Analysts pointed to bitcoin’s increasing correlation with stocks and the indicator’s zero value with gold.

Recall that Arthur Hayes, co-founder of the BitMEX exchange, predicted that the first cryptocurrency will drop to $ 30,000 at the end of the second quarter due to the drop in the Nasdaq index.

Earlier, Galaxy Digital founder Mike Novogratz warned that bitcoin would “rise again” as soon as the Fed ceases to tighten monetary policy.