Over two-thirds of the largest cryptocurrencies by capitalization lost more than 90% of their value from ATH (All-Time High).
Among the 100 largest cryptocurrencies by capitalization, 72 coins lost more than 90% of their value from all-time highs at their peaks. Such conclusions were reached by analysts of the CoinGoLive service based on CoinGecko data.
However, of the top 10 coins, only one dropped below 90% from ATH — Ripple (XRP). The rest fell between 70% and 88%. On average, their capitalization compared to ATH is down 79%. Assets from the top 20 have a decline of 81.1%.
Among the sectors, exchange-traded tokens show the smallest fall — their performance is down 68.3% from their all-time highs. Bitfinex’s LEO token demonstrates the best index among this category of assets — its decline was only 38.87% compared to ATH. The token reduces commissions for traders and users of the iFinex ecosystem.
The majority of losses were seen during the last week when the total cap of the cryptocurrency market declined to $900 million. As of 14:00 (GMT+3), June 17, the crypto market capitalization is $902 million, with BTC trading at $21,046, according to CoinMarketCap. The current drop has affected all asset categories, including stablecoins. The fluctuation of algorithmic stablecoin USDD, whose underlying asset is TRON (TRX), which lost 74% compared to ATH, attracted particular attention.
