June is here, summer has arrived, and the outlook for the crypto market has in recent days finally seemed a bit brighter.
But although there have been some green shoots in the past few days, the past month as a whole has still been rather miserable for most crypto investors. The falling prices in May have not only affected those holding heavy bags of the luna classic (LUNC) token or the failed stablecoin terraUSD (UST), but also ordinary bitcoin (BTC) and ethereum (ETH) investors.
The losses in May followed another month of losses seen in April, when all coins in the top 10 by market capitalization (as ranked by Coincodex.com) posted losses. That came after a relatively good month in March, with all of the top 10 coins posting gains for the month.
In May, however, the market was back in a sea of red.
Top 10 coins in May
Like last month, all of the top 10 coins by market capitalization – with the exception of stablecoins – were down in May.
The worst-hit from the top group of coins...
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