Key Insights:
- Crypto market crash and liquidation, and US PCE inflation came in higher than expected
- MSTR stock extends fall, hinting at more BTC selloff ahead
- Stock market retreat, Nasdaq 100 crash.
The crypto market crash this week has investors on the edge of their seats. The total crypto market cap fell below $2 trillion for the first time since September 2024.
June is on track to become the most bearish month YTD, courtesy of this week’s crypto market crash. The total market cap has fallen by about 17% so far this month, according to the latest data.
The crypto market crash wiped out roughly 5% of the total market cap this week alone. More importantly, the total market cap bottomed out as low as $1.99 trillion in the last 24 hours.
The…
