Date
27/05/2021
CryptoCompare has released its latest Digital Asset Management Review, a monthly report on the key developments in the global digital asset investment product landscape.
The cryptocurrency market experienced one of its worst crashes since the beginning of the year as almost $1.3 trillion in market capitalization was lost.
Bitcoin fell more than 50% from its all-time high of $64.7k that was reached in April, falling to a monthly low of $31,133. Other major cryptocurrencies, like Ethereum, also crashed, which plummeted in excess of 50% from its all-time high of $4,380, falling to $1,730.
Here are the key takeaways:
Total AUM across all digital asset investment products decreased 20.2% to $44.7bn.