Binance Report Shows Downturn in Crypto Market Total Capitalization

A new Binance study has looked into the recent downturn in the total crypto market capitalization and the structural factors plaguing the sector. Although the market has partially recovered from the sharp decline, it’s still 14% below its peak in March. Why the Crypto Market’s Market Cap Witnessed a Downturn in Recent Months The Binance report revealed that the crypto market’s total market capitalization in June witnessed a disastrous downturn of 11.4%, which was around the time of Bitcoin selling pressure from German and US governments. Recall that the German government offloaded 50,000 BTC confiscated from the operator of the […]