Bitcoin Market Cap Shed Over $120-B Last Month – How Much More Can It Lose?

The market value of Bitcoin dropped and was at roughly $605 billion at the end of May. BTC is currently trading below the $50,000 mark because of the bearish stance of the market. Last month, Bitcoin was beaten to a bloody pulp with the crypto market crash, triggering the top crypto’s market value drop. And it’s not just the crypto that bore the brunt of the pounding. Other popular cryptocurrencies had the same fate. But if you look at the good parts of a bad situation, BTC remains the king in terms of market cap in June 2022. The coin has concluded May with a market cap of $605.8 billion. If you compare June stats with BTC’s May 1 opening day market value, you’ll see how it has declined by 17%. The May 1 trading value had a market cap of $732 billion and a trading volume commensurate to $27 billion. Suggested Reading | Crypto Community Sees Nearly 80% Upside For Ethereum By End Of June Bitcoin Remains Bullish Bitcoin had shed more than 50% of its value, which was seen at its all-time high in November 2021 before the crypto market spiraled downwards. Its fall was then followed by the fall of Terra, which has further maimed the crypto industry. The bullish or weakened sentiment has spread fear and uncertainty among investors. A lot of investors panicked and withdrew their money. Both BTC and Ethereum, the two leading digital assets in the crypto market, have slumped by more than 40% since November of 2021. BTC price ...