Almost 1 trillion leaves crypto market in 2022 wiping over 40 of the industry’s capitalisation

Notably, the overall value of the global cryptocurrency market cap was $2.2 trillion on January 1, 2022, but as of the time this article was published on May 20, it was at $1.29 trillion, representing a decline of 41.36% since the beginning of the year, according to CoinMarketCap data.Since the beginning of 2022, the market capitalization has had a net outflow of $910 billion due to a variety of issues, including bearish sentiment.