This year a large number of cryptocurrencies have experienced significant price drops. we take a look at the LUNA coin, it really almost went down, we know it all happened recently, since then, a number of other coins seem to have almost followed in LUNA's footsteps. But now look at BTC, how the king of this Cryptocurrency coin is showing a significant decline chart.
Losing a significant $20,000 mark, Bitcoin hit the first in its lifetime—falling below the previous halving cycle for the first time in its history.
Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD sliding under $20,000 for the first time since December 2020, reaching press-time lows of $19,066.
As nerves heightened after the United States Federal Reserve's comments on the inflation outlook, crypto markets bore the brunt of a sell-off, which began after shock Consumer Price Index (CPI) figures last week.
BTC/USD thus sealed 37% losses for the first two weeks of the month, making June 2022 the worst month of June on record, according to data from on-chain monitoring resource Coinglass.
Read more at Cointelegraph.com