Top 5 crypto losers in August amid market rebound
While the global crypto market is rallying towards a $1.1 trillion cap following Grayscale’s SEC win, FLEX, HEX, and others report substantial losses. The global crypto market took a U-turn since the announcement of Grayscale’s win against the U.S. Securities and Exchange Commission (SEC) on Aug. 29. Despite the bullish market momentum, some crypto assets have still registered notable declines over the past 30 days. According to data provided by CoinMarketCap (CMC), the recent market-wide hike came after two weeks of a deep bear market. Per CMC the global crypto market capitalization is approaching the $1.1 trillion mark. Here are the top five losers of August 2023: Top 5 losers in August 2023 | Source: CoinMarketCap FLEX leads the top losers ’ list despite its good performance over the past month. The asset consolidated between $5 and $7 for almost the whole month but witnessed a deep dive on Aug. 29. You might also like: Top 10 crypto in August 2023: SEI toke...