Equities of the top banking companies have lost a cumulative $635 billion in market cap so far this year. That's twice the size of the entire crypto market. Bank stocks lost over $635 billion amid increasing fears of inflation among investors and the effect of the ongoing coronavirus pandemic on the global economy, according to a report by financial education site Buy Shares. For comparison, the entire cryptocurrency market is worth only $354 billion.
Source:
https://decrypt.co/41809/top-banks-lose-635-billion-in-market-cap-during-2020