TradingKey – On June 4, cryptocurrencies continued to slump 4%, with total market capitalization hitting a low of $2.18 trillion, approaching the lows seen in February this year. Compared to last year’s peak of $4.2 trillion, the crypto market has seen an outflow of approximately $2 trillion, a cumulative decline of 48%.
Changes in cryptocurrency market capitalization, Source: CoinMarketCap
Meanwhile, major coins generally fell by more than 4%. Among them, Bitcoin ( BTC) is approaching the $60,000 mark; Ethereum ( ETH) is nearing $1,700; Binance Coin ( BNB) briefly fell below the $600 level; Solana plunged 7%, losing the $70 mark.
Since the beginning of the year, the overall crypto market has generally maintained a downward trend, with…
