The 2022 bearish trend is still pushing many crypto prices below expected marks. The market also spiked a few times amid the raging crypto winter in the last few months. But the pullbacks have persisted and continue to overthrow the short-lived rallies. Apart from companies closing up shops, downsizing staff, and declaring bankruptcy, investors have lost millions this 2022. Moreover, the continuing downward trend in crypto prices has caused billions of losses to the general crypto market capitalization. Related Reading: XRP Signals Considerable Uptick – Will Social Media Lift Its Price Past $0.34? At the peak of the crypto winter, the overall market cap fell below $1 trillion, causing massive panic in the crypto community. Thankfully, it rallied to $1 trillion and later surpassed it. But now, it seems the trend has started moving downwards once again. Crypto Market Tanks Following Bitcoin The crypto market cap pushes the lower limit towards a fall below $1 trillion. This is not surprising given that Bitcoin’s price is again falling towards $21K. As of press time on August 21, BTC is trading at $21,320, showing a 1.35% loss from the August 20 price. This price level represents a 14% loss in Bitcoin price this past week. As a result, the total crypto market cap is falling towards a level it has already surpassed. Analysts are wondering if the cap will hold firm at that level. Apart from the bitcoin price collapse these few...
