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NewsBTC 2022-06-15 23:00:14

Double-Digits Losses Are The Order Of The Day As Bitcoin Declines To $20,000

The crypto market crash has sent Bitcoin spiraling to $20,000. The pioneer cryptocurrency has in turn taken the market down with it, triggering massive losses. All digital assets in the market have not been left out of the onslaught. Regardless of their market cap, cryptocurrencies have all recorded massive losses that have translated to double-digit losses across all indexes. Not A Respecter Of Market Caps All of the indexes have been hit hard by the crypto market crash. Even the bitcoin index that had been putting up the most fight has succumbed to it. The market-wide collapse has seen the total market cap drop below $1 trillion for the first time in less than a year. Almost all cryptocurrencies have been following the same downtrend, one that is created by the market leader, Bitcoin. Nevertheless, bitcoin has continued to put up a good fight. This has seen the digital asset return once more as the best performer, with a -29% loss so far in the month of June. But this ‘safe haven’ that investors have been running to for cover is barely holding above the losses posted by the other indexes. Related Reading | Shiba Inu (SHIB) Profitability Plunges To Hell As Bloodbath Continues True to form, the Large Cap Index has mostly followed the performance of Bitcoin. Through bear markets, they have been better performers compared to their smaller counterparts and this holds true as the Large Cap Index has seen a -32% loss. The Mid ...

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Double-Digits Losses Are The Order Of The Day As Bitcoin Declines To $20,000

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