The crypto market has taken a downward turn over the past 6 months, with asset prices taking an even bigger hit during the crash of May 12 and total market valuation dropping by over 40% — $3 trillion in November 2021 to $1.23 trillion in May 2022. The prices of some of the most popular cryptocurrencies have plunged to new record lows with many including BTC and ETH losing over half of their value in the last 6 months, many others are struggling to stay afloat.
BTC's price has dropped by 24% from $38,514 to around $29,300 in the last 30 days. Meanwhile, the second-largest crypto, ETH, has plunged 40% to around $1,819 from above $2,856 in the same period.
However, despite the plunge, some assets have shown strength and great resilience with relative price stability and performance that appears to be withstanding the test of the bear market.
TRX Price: $0.0815
Price change in the last 30 days: +23.39%
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ETC Price: $21.68
Price change in the last 30 days: -15.46%
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BNB Price: $298.44
Price change in the last 30 days: -18.53%
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Top cryptos, Bitcoin (BTC), and Ethereum's native token, Ether (ETH), have also fared better than most of their top-ranking rivals in the ongoing larger bear market.
Disclaimer: Cryptocurrency investment is subject to high market risk. The opinions and statements made above should NOT be considered financial advice. Always Do Your Own Research.
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