Highlights

  • $500 billion wiped from crypto's global marketcap
  • Bitcoin now accounts for 44% of the total marketshare

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Bitcoin is down almost 60% from its all-time high in November, 

The latest news from the crypto corner continues to be grim as risk appetite towards these new age tokens taking a hit. Bitcoin is down for an 8th straight week, now down 60% from its record high from November is not catching a break as the slide continues.

Ether, the second-largest cryptocurrency, and other altcoins saw a steeped decline that Bitcoin as the risk appetite continues to decline. The bets in crypto remain centred around Bitcoin, accounting for 44% of the total market’s value.

Crypto market has lost some $500 billion in market value so far in May, a 29% plunge.

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