Photo by Behnam Norouzi on Unsplash

With seven weeks of sequential lossesthe crypto market continues to bleed, with half of the top 30 projects recording losses of more than 80% since their ATH, with numbers reminiscent of the crypto winter 2018.

Know more: A study in red: The crypto winter of 2018 and what can we learn from him

Assets that have lost more than 80% of their value

THE total market capitalization (CRYPTOCAP:TOTAL), an index calculated by TradingView that measures the total marketcap of cryptocurrencies, has completed seven consecutive weeks of declines, while Bitcoin has completed eight weeks (2 months) in the red.

Source: TradingView

So far, more than 40% of the entire capital of the ecosystem has been lost in this period of less than two months, and many stablecoins (USDT, USDC, DAI and BUSD) manage to hold a large part of the market.

Since High History, the index has already suffered more than 58% of devaluationbut the scenario is even worse for the top 30 coins.

Half (15) of the 30 most valuable assets have accumulated losses of more than 80% since their all-time highwith numbers resembling crypto winter 2018 as reported in this exclusive study published by cointimes.

UNI, VET and DOGE are the biggest losers, all down more than 90%. SHIB and LINK have currently lost 89% of their value.

Meanwhile, the assets considered as “blue chips” – Bitcoin (BTC) and Ethereum (ETH) – lost 61% and 64%, respectively, against the dollar. The losses against the real are even greater, as the BRL also dropped against the USD in the same period.

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