Another month went by in crypto land but June would be one that most would want to forget. Looking back at the winners and losers from the month does not display a pretty picture for most of them. Following May’s month of decline the bears hit markets even harder in June pushing them down to their lowest levels in 2018.
Total crypto market capitalization declined in June from $330 billion on the first to $245 billion at the end of the month representing a loss of 26%. Around $85 billion dollars flooded out of the crypto market during June which saw it reach a yearly low of $233 billion on the 29th. Since January’s peak markets have lost 72% to this low point five months later, it marks the third lower low and indicates that the bears were in full control as of the end of June.