Crypto Crash: 5 Biggest Losers

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1. Bitcoin (BTC)

Bitcoin is the most popular cryptocurrency in the world, and has inspired the creation of nearly every other cryptocurrency with its meteoric rise to worldwide fame since being founded in 2008. Unlike government-issued currencies, Bitcoin is created, stored, distributed and traded on a blockchain, which is a decentralized ledger system. This makes Bitcoin transactions extremely secure, immune to fraud, and without the involvement of any third party.

Reaching an all-time high of $69,000 in November 2021, Bitcoin now sits at around $18,300 as of June 19. It has plummeted 61.60% since the start of the year, and 39.54% in the last month as the crypto crash unraveled. Just on June 19 alone, Bitcoin slid 10.5%, going from nearly $20,500 to its $18,000 mark.

Bitcoin has a market cap of $351 billion, with approximately 19.07 million coins in circulation as of date. The maximum supply of Bitcoin is capped at 21 million, meaning there will never be more than 21 million Bitcoins in the world.

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