Volume

The industry opened the week with a total MC of $1,386T (24-hour volume of $77,061), but currently the total cryptocurrency market cap stands at $1,398T (24-hour volume of $72,171B), indicating that the market has seen growth of just 0.87% over the past 7 days.

June 2021 was not a profitable trading period for most cryptocurrencies, including Bitcoin. During the month, Bitcoin hit a 30-day low of $28,893, the price it last touched on December 28, 2020 (over 6 months ago). Dogecoin was the worst loser among the top 10 coins in the global cryptocurrency market.

In the month of June, the overall cryptocurrency market reached a high of $1.776T and a low of $1.165T, a decline of 52.5%. USD Coin (USDC, $1.00, 30d gain of 0.02%) was the best performer for the month among the top 10 coins by market cap.

For the first time in 2021, all of the top 50 cryptocurrencies are trading in the red as both their 24-hour and 7-day prices are in negative territory.

Despite Africa being the poorest continent on earth with most people living below the poverty line, the continent is out to prove the world wrong when it comes to digital financial technology. The transaction volume of cryptocurrencies is growing steadily, and Nigeria is leading Central Bank Digital Currency (CBDC) innovation in Africa.

On June 13, the world's most-referenced price-tracking website, CoinMarketCap, has provided wrong data for most of the cryptocurrencies including their market caps, dominance and others. This wrong data was misleading the community especially those who want to sell, buy or invest in certain cryptocurrencies.

In the past 7 days, the entire digital currency market managed to dip from $1.662 trillion to $1.603T, indicating a sharp fall of about 4.06%. The 7d prices of all the top 5 out of 50 tokens in the world are trading in the red. Nevertheless, the largest coin by market cap managed to surge by about 8% in one week.

The first week of June saw the entire cryptocurrency market register bullish gains. The crypto market cap opened the week at $1.435 trillion and is now at $1.631 trillion which shows a gain of about 14%.

The month of May 2021 has been a rough trading period for most of the popular cryptocurrencies in the market. Some coins such as Bogged Finance (BOG) lost by 100%, DOTDOWN plunged by 99.26%, Bridge Oracle (BRG, 98.88%), Polar (POLARV3, 98.6%), and Zurcoin (ZUR, 98.47%).