The cryptocurrency market was hit badly. On the weekly scale, you can see that the TOTAL market cap has now declined to 877 Billion USD. However, we haven't hit the bottom since the 13th of June. The June low was almost the ATH of January 2018.
As you can see from the volume of the weekly candles the biggest event was the China ban which was on May 2021.
As you can see from the volume of the weekly candles the biggest event was the China ban which was on May 2021.