The broader crypto market entered May with strong momentum, climbing from roughly $2.52 trillion to peaks near $2.75–$2.80 trillion by mid-month. During that period, buyers maintained control as capital steadily rotated into risk assets.

However, momentum began fading after repeated failures to sustain higher highs. As a result, market capitalization gradually slipped below $2.70 trillion before selling pressure intensified during the final week.

The decline accelerated between the 24th and the 30th of May. Total market value dropped toward $2.48 trillion, erasing more than $300 billion from recent highs.

Meanwhile, 24-hour volume reached $89.65 billion, highlighting elevated activity as participants reduced…