The digital ******* ets market, which had already been struggling for months now, is now witnessing a bloodbath after Michael Saylor's Bitcoin (BTC) treasury firm Strategy (Nasdaq: MSTR) announced the sale of 32 BTC.
The total cryptocurrency market cap has declined from $2.57 trillion on the announcement day on June 1 to $2.38 trillion at press time. So, the crypto market has lost $190 billion this month.
Bitcoin (BTC) has dropped from $73,800 to below $67,000 during the same period. It is the cryptocurrency's worst price range since February this year.
Similarly, Ethereum (ETH) has fallen from $2,000 to $1,870, and XRP from $1.34 to $1.23 this month.
Related: Elon Musk brings back his McDonald's Happy Meal offer
The total cryptocurrency market cap has declined from $2.57 trillion on the announcement day on June 1 to $2.38 trillion at press time. So, the crypto market has lost $190 billion this month.
Bitcoin (BTC) has dropped from $73,800 to below $67,000 during the same period. It is the cryptocurrency's worst price range since February this year.
Similarly, Ethereum (ETH) has fallen from $2,000 to $1,870, and XRP from $1.34 to $1.23 this month.
Related: Elon Musk brings back his McDonald's Happy Meal offer
10 hours ago
