Bitcoin experiences worst month in history as over 400B is wiped off crypto market in June

The crypto industry has experienced its worst month ever as over $400 billion was wiped off the market by the capitulation of digital assets in June. Bitcoin (BTC) and Ethereum (ETH) were one of the worst-performing digital assets for the month, as they both lost an average of 40% of their values, respectively. As of June 1, 2022, BTC was trading for over $31,000, and its market cap was around $607 billion. However, at the month’s end, the flagship crypto-asset value had dropped to $18,945, with its market cap at $361 billion.