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ABC News

Business

technology reporter James Purtill

Cryptocurrency price crash a result of inflation, as investors lose their life savings

Celsius Crypto Joel Inflation Bitcoin Cryptocurrency Alex Mashinsky United States Australia Terra

As the price of cryptocurrencies like bitcoin tumbles, investors are getting jittery. (Unsplash: Executium)

Over five years of fly-in, fly-out mining work in Far North Queensland, Joel had saved up almost enough for a first-home deposit.

Then, about six months ago, the price of bitcoin began a long decline.

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Top stories on inkl right now

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The Independent UK

Donald Trump's ICE Obtained 50M Voter Records as Documents Expose Proposed Palantir Data Transfer

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Isaias surges towards Gulf Coast after becoming first hurricane of Atlantic season

Forecasters warned Isaias could deliver destructive hurricane-force winds

The Independent UK

Senegal and Morocco set for AFCON title rematch – in Swiss sports court

France 24

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Isaias becomes the first hurricane of the Atlantic season as it surges towards US Gulf Coast

Isaias has strengthened into the first hurricane of the Atlantic season

The Independent UK

Deported to Central African Republic, a transgender woman who lived openly in Miami is hiding again

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