The impact of inflation on cryptocurrencies has long been a topic of discussion. However, cryptocurrencies have underperformed as prices rise in 2022 due to rising inflation. The value of Bitcoin, the most widely used digital currency, decreased to almost $16,000 in November 2022. This is below its value of 65,000 USD in November 2021. Is it possible that the inflation affecting the traditional market also affects the crypto market? Read on to learn if inflation truly affects the crypto market.