It is a year of pump-fakes for all asset classes, and Cryptocurrencies could not sustain the pressure.

Just last week, one could have imagined that Cryptos were isolated from the anxiety dampening global assets – but it was too soon to assume that things were going to be so simple.

Markets are intercorrelated, and depending on where they stand on the risk spectrum, assets can react differently to pessimistic events.

And the bearish turn that took over Markets since the rise of inflationary fears has swept virtually everything on the risk spectrum, from safe havens (as seen in Bonds and Metals) to riskier Equities and Cryptocurrency Markets.

When the common denominator, the US Dollar, shines, everything hurts – With Crude and general…