The cryptocurrency market has Lost $1.9 trillionSix months after the record-breaking high, it has fallen to an all time low. Interestingly, these losses are bigger than those witnessed during the 2007’s subprime mortgage market crisis — around $1.3 trillion, which has prompted fears that creaking crypto market risk will spill over across traditional markets, hurting stocks and bonds alike.

This is a huge drop from $69,000 in November 2021 down to $24,300 by May 2022 (in’s).BTCThe () price caused panic in the crypto market.