Inflation ( CCPI)54.2% (Jan 2023)
GDP-11.8% (3Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate29.91%
12M T-Bill Rate27.72%
5Y T-Bond Rate29.00%
10Y T-Bond Rate30%
USD/LKR360/363
Click on the chart for more details
Reserves $1.89Bn (Dec 2022)
Cum. Trade Deficit $5.2Bn (Dec 2022)
Cum. Fiscal DeficitLKR 1,647Bn (Oct 2022)

Crypto crash

Global IndexesJan 25, 2022
Crypto crash
This story is available exclusively to charts.lk subscribers. Become an member and start reading now.

Cryptocurrencies surge as new heaven for some of the investors as the real retune of many asset classes plunged with COVID19. Since 2020, the returns are outperforming most of the traditional assets. The recent crash of almost all the cryptocurrencies has brought jeopardy for many who entered recently.

The price of bitcoin has fallen from its November highs of nearly $70,000 to USD 35,572, while other major altcoins were also down by double digits. Bitcoin has dropped 17% in the past week, Ethereum 26.66%, Binance Coin 28.74%, Cardano 19.43%, and Solana 31.90%. Bloomberg reported that the latest crash erased more than USD1 trillion in crypto market value.

The sell-off accelerated a two-month slide in the global cryptocurrency market that has vaporized USD 1.4 trillion in value: After reaching a high of roughly USD 3 trillion in early November, the total value of digital assets sat just above USD 1.6 trillion early Saturday afternoon, according to CoinMarketCap.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.