The significant increase in inflation rates worldwide this year coincided with a bearish period in the cryptocurrency market, which has also continued throughout the current year. In any case, if the crypto-currency was, as was commonly believed, a saving refuge for people during a period of high inflation, then this year the cryptocurrency should have risen in price due to increased demand for it. However, this is not observed. Of course, other processes taking place all over the world are merging into the cryptocurrency market, but still the fact remains.