So, according to the most recent BTC price chart, Bitcoin fell by over 67% between October 12 of 2021, and November 12 of 2022. The value of cryptocurrencies as of today November 17, 2022 ($16,562) is around 72.58% lower than the value per coin in November of the previous year ($58,898). Within the course of a year, the prices of numerous other reputable digital assets fell by a sizable amount. Altcoins have the propensity to mirror Bitcoin price patterns, and some estimate that the worldwide cryptocurrency market has shrunk by around 75% over the past year. 

The cryptocurrency market has been relatively constant since June 2022, with a market cap that ranges from 800 billion to 1.2 trillion. From June to August 2022, there was a tremendous increase of 50%, going from $800 billion to $1.2 trillion, which can appear to be a significant change.

How severe is the cryptocurrency market crash? Is there any hope of Bitcoin recovering after the recent crash?