June 2022 is behind us, and it seems that there were fewer avalanches for traders and investors to live through during this crypto winter month than the one that preceded it.
As a reminder, June saw the crypto market drop substantially, with all coins in the top 10 by market capitalization seeing double-digit percentage losses and the top two cryptoassets, bitcoin (BTC) and ethereum (ETH), recording a weaker performance than in May. For example, this was BTC’s worst month on record, with a 40% drop.
Yet, after the initial shock of the market crash and all the massive issues surrounding companies such as Terra (LUNA), Three Arrows Capital, Celsius Network (CEL), Voyager Digital, BlockFi, and others, the market finally saw green.
As a reminder, June saw the crypto market drop substantially, with all coins in the top 10 by market capitalization seeing double-digit percentage losses and the top two cryptoassets, bitcoin (BTC) and ethereum (ETH), recording a weaker performance than in May. For example, this was BTC’s worst month on record, with a 40% drop.
Yet, after the initial shock of the market crash and all the massive issues surrounding companies such as Terra (LUNA), Three Arrows Capital, Celsius Network (CEL), Voyager Digital, BlockFi, and others, the market finally saw green.