August is over, and fall is upon us, but the crypto market remains as difficult as ever to navigate. As we always do when a month has ended, let’s take a look in the rearview mirror to see how the crypto market has performed over the past month.
As a reminder, July was a relatively good month for crypto, with many coins turning green after heavy losses earlier in the year. The big winner for July among the major coins was ethereum (ETH), which saw strong gains as excitement around the coming Merge started to build.
In August, however, things did not go so well, with all coins in the top 10 by market capitalization seeing losses as the market downtrend resumed.
Top 10 coins in August
Among the top 10 coins by market capitalization, not a single one managed to post gains (if we exclude stablecoins). The sharply falling prices were particularly notable given that coins like bitcoin (BTC) and ETH saw gains of close to 20% and 60%, respectively, the month before.
Out of the top 10 coins,...
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