The market capitalization of the entire crypto sector shrank significantly during these six months.
Followed a similar path, falling from around $3,700 to under $1,100 . cryptoprices_01-06_2022.xlsx
Crypto assets showed a high correlation with tech stocks (Nasdaq), moving in lockstep with broader market trends. The market capitalization of the entire crypto sector
The fall of Terra triggered a contagion effect, leading to the insolvency of major firms like Celsius Network and Three Arrows Capital (3AC) . falling from around $3