Cryptocurrency July 2022 Market Wrap

Following a brutal market crash in June, the cryptocurrency market experienced its best trading month of 2022 in July, with Bitcoin rising almost 25%. Other coins such as ETH followed, rallying close to 55%. The total crypto market capitalization is back to over $1 trillion as investors fight concerns about Inflation, high energy prices, and recession fears. Ethereum (ETH), Binance Coin (BNB), and Bitcoin (BTC) remain promising coins to follow.

    • After a brutal crash in June, the crypto market has best month this year
    • Bitcoin rose almost 25% in July while ETH rallied close to 55%
    • The total crypto market capitalization is back to over $1 trillion

Cryptocurrency experienced a brutal crash in June. The market experienced a downturn affecting major coins such as Bitcoin and Ethereum, as well as a broader market correction. Bitcoin (BTC) collapsed by more than 37% and recorded its worst monthly performance since 2011. Macroeconomic factors such as inflation and a looming global recession brought uncertainty to …

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