REASONS AND CONSEQUENCES OF CRYPTOCURRENCY RECESSION FOR THE WORLD'S ECONOMY

Abstract

The research proposed a solution to the current problem, which consists in substantiating the theoretical foundations for interaction between classical economy, crypto economy and local manufacturing. Achieving the specified goal made it necessary to solve the following tasks, which consisted in the characteristics of world's crises and searching main reasons of economy recession and world's crises consequences. The factors influencing the world's economy and in turn the crypto economy are defined. Consider the current situation with the economy taking into account russian invasion of Ukraine and considering the effect on cryptocurrencies, and the crypto ecosystem in general. Research was made on the visual presentation of the economic downturn on the DJIA and STOXX charts. Investigated superficially correlations between: DJIA and STOXX, BTC pricing and ETH pricing, DJIA, STOXX, BTC pricing and ETH pricing and demonstrated results on charts.

Keywords

• economy
• crypto
• cryptocurrencies
• BTC
• ETH
• DJIA