The continuous devaluation of cryptocurrencies was likely the result of a tangle of factors, from worldwide inflation to financial market volatility, that has prompted spooked investors to choose exiting risk assets in anticipation of a recession, international experts told Sputnik

Tesla CEO Musk, who added that he was still committed to the acquisition, decided to waive due diligence when he agreed to buy Twitter on April 25, in an effort to get the San Francisco-based company to accept his "best and final offer".