{"id":492414,"date":"2022-06-07T14:57:07","date_gmt":"2022-06-07T14:57:07","guid":{"rendered":"https:\/\/wncen.com\/?p=492414"},"modified":"2022-06-07T15:25:09","modified_gmt":"2022-06-07T15:25:09","slug":"btc-market-cap-shed-120-b-last-month","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/btc-market-cap-shed-120-b-last-month\/","title":{"rendered":"Bitcoin Market Cap Shed Over $120-B Last Month &#8211; How Much More Can It Lose?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The market value of Bitcoin dropped and was at roughly $605 billion at the end of May. BTC is currently trading below the $50,000 mark because of the bearish stance of the market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Last month, Bitcoin was beaten to a bloody pulp with the crypto market crash, triggering the top crypto&#8217;s market value drop. And it\u2019s not just the crypto that bore the brunt of the pounding. Other popular cryptocurrencies had the same fate.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">But if you look at the good parts of a bad situation, BTC remains the king in terms of market cap in June 2022. The coin has concluded May with a market cap of $605.8 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you compare June stats with BTC\u2019s May 1 opening day market value, you\u2019ll see how it has declined by 17%. The May 1 trading value had a market cap of $732 billion and a trading volume commensurate to $27 billion.\u00a0<\/span><\/p>\n<p style=\"text-align: center\"><strong><em>Suggested Reading | <a href=\"https:\/\/wncen.com\/all\/crypto-sees-80-ethereum-gain\/\">Crypto Community Sees Nearly 80% Upside For Ethereum By End Of June<\/a><\/em><\/strong><\/p>\n<h2><strong>Bitcoin Remains Bullish<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Bitcoin had shed more than 50% of its value, which was seen at its all-time high in November 2021 before the crypto market spiraled downwards. Its fall was then followed by the fall of Terra, which has further maimed the crypto industry.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The bullish or weakened sentiment has spread fear and uncertainty among investors. A lot of investors panicked and withdrew their money.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Both BTC and Ethereum, the two leading digital assets in the crypto market, have slumped by more than 40% since November of 2021. BTC price has been highly volatile over the past couple of months, and investors feel the agitation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the brighter side, with crypto set at $29,000, investor confidence has been restored with the consolation that crypto has somehow stabilized.\u00a0<\/span><\/p>\n<h2><strong>More Fluctuations In The Coming Months?<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">On the other hand, experts believe that Bitcoin will face more fluctuations in the coming months. Sadly, the entire crypto market cap has been down by as much as 43% over the past two months. But, there is hope for the market to reclaim lost glory when specific metrics are met.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">A bearish crypto market is not one that investors would like to venture into, but you have to take the good with the bad in the crypto space. A bearish stance has its benefits because it gives investors more time to assess their investments and check other projects that can go up once the prices climb again.\u00a0<\/span><\/p>\n<p style=\"text-align: center\"><strong><em>Suggested Reading | <a href=\"https:\/\/wncen.com\/news\/bitcoin-records-1st-weekly-green-candle-in-3-months-a-start-of-a-bull-run\/\">Bitcoin Records 1st Weekly Green Candle In 3 Months \u2013 A Start Of A Bull Run?<\/a><\/em><\/strong><\/p>\n<p><span style=\"font-weight: 400\">Bitcoin\u2019s opening on May 1 bolstered to $37,713 and went further up with a monthly high of $39,789. It, however, tested low on May 12 at $26,350 on May 12, before it closed the month of May with a trading price of $31,792. <\/span><\/p>\n<p><span style=\"font-weight: 400\">This gives BTC a 15% reduction between the opening and closing stats for the BTC price in May.\u00a0<\/span><\/p>\n<pre style=\"text-align: center\">Featured image from Nairametrics, chart from <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The market value of Bitcoin dropped and was at roughly $605 billion at the end of May. BTC is currently trading below the $50,000 mark because of the bearish stance of the market. Last month, Bitcoin was beaten to a bloody pulp with the crypto market crash, triggering the top crypto&#8217;s market value drop. And it\u2019s not just the crypto that bore the brunt of the pounding. Other popular cryptocurrencies had the same fate.\u00a0 But if you look at the good parts of a bad situation, BTC remains the king in terms of market cap in June 2022. The coin has concluded May with a market cap of $605.8 billion. If you compare June stats with BTC\u2019s May 1 opening day market value, you\u2019ll see how it has declined by 17%. The May 1 trading value had a market cap of $732 billion and a trading volume commensurate to $27 billion.\u00a0 Suggested Reading | Crypto Community Sees Nearly 80% Upside For Ethereum By End Of June Bitcoin Remains Bullish Bitcoin had shed more than 50% of its value, which was seen at its all-time high in November 2021 before the crypto market spiraled downwards. Its fall was then followed by the fall of Terra, which has further maimed the crypto industry.\u00a0 The bullish or weakened sentiment has spread fear and uncertainty among investors. A lot of investors panicked and withdrew their money.\u00a0 Both BTC and Ethereum, the two leading digital assets in the crypto market, have slumped by more than 40% since November of 2021. BTC price has been highly volatile over the past couple of months, and investors feel the agitation.\u00a0 On the brighter side, with crypto set at $29,000, investor confidence has been restored with the consolation that crypto has somehow stabilized.\u00a0 More Fluctuations In The Coming Months? On the other hand, experts believe that Bitcoin will face more fluctuations in the coming months. Sadly, the entire crypto market cap has been down by as much as 43% over the past two months. But, there is hope for the market to reclaim lost glory when specific metrics are met.\u00a0 A bearish crypto market is not one that investors would like to venture into, but you have to take the good with the bad in the crypto space. A bearish stance has its benefits because it gives investors more time to assess their investments and check other projects that can go up once the prices climb again.\u00a0 Suggested Reading | Bitcoin Records 1st Weekly Green Candle In 3 Months \u2013 A Start Of A Bull Run? Bitcoin\u2019s opening on May 1 bolstered to $37,713 and went further up with a monthly high of $39,789. It, however, tested low on May 12 at $26,350 on May 12, before it closed the month of May with a trading price of $31,792. This gives BTC a 15% reduction between the opening and closing stats for the BTC price in May.\u00a0 Featured image from Nairametrics, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":492417,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,631,6664],"class_list":["post-492414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-bitcoin-market-cap","tag-crypto"],"acf":[],"yoast_head":"\n<title>Bitcoin Market Cap Shed Over $120-B Last Month - How Much More Can It Lose?<\/title>\n<meta name=\"description\" content=\"The market value of Bitcoin dropped and was at roughly $605 billion at the end of May. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Market Cap Shed Over $120-B Last Month &#8211; How Much More Can It Lose?","url":"http:\/\/wncen.com\/news\/btc-market-cap-shed-120-b-last-month\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/btc-market-cap-shed-120-b-last-month\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/06\/Bitcoin-6.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/06\/Bitcoin-6.png?fit=705%2C348"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin market cap","crypto"],"dateCreated":"2022-06-07T14:57:07Z","datePublished":"2022-06-07T14:57:07Z","dateModified":"2022-06-07T15:25:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Market Cap Shed Over $120-B Last Month &#8211; How Much More Can It Lose?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/btc-market-cap-shed-120-b-last-month\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/btc-market-cap-shed-120-b-last-month\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/Bitcoin-6.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/Bitcoin-6.png?fit=705%2C348\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin market cap\",\"crypto\"],\"dateCreated\":\"2022-06-07T14:57:07Z\",\"datePublished\":\"2022-06-07T14:57:07Z\",\"dateModified\":\"2022-06-07T15:25:09Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/06\/Bitcoin-6.png?fit=705%2C348","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/492414"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=492414"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/492414\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/492417"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=492414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=492414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=492414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}