The cryptocurrency market has seen a notable decline, retracing much of the gains it accumulated following the 2024-2025 rally that began after the US elections. Currently, the market has lost around 40% of its peak value recorded in October 2025.

The Total3 Market Cap, which measures the combined market capitalization excluding Bitcoin and Ether, surged over 91% after the results of the US Presidential election on November 5, reaching a high of $1.16 trillion by December 2024.

Before this surge, the Total3 Market Cap was approximately $600 billion. Following the peak, the market has fluctuated, falling to about $900 billion and showed consistency until January 2025, where it briefly returned to $1.13 trillion just two days prior to the inauguration of Donald Trump.

Throughout 2025, the crypto market traded sideways but eventually achieved a cyclical high of approximately $1.19 trillion in October 2025, just before suffering a significant crash.

Currently, the Total3 Market Cap stands at around $713 billion, resembling the figures from late 2024 with little sign of recovery.

Major Cryptos like Bitcoin and Ether have Also Regressed

BTC has dropped over 50% from its peak, stabilizing around $68,000 after falling to a near low of approximately $60,000. Similarly, ETH has decreased about 60% from its all-time high of nearly $5,000 recorded in August 2025.

Market sentiment has tanked, with the Fear and Greed Index reporting a score of 14, signaling ’extreme fear.’ This is coupled with further drops, where the indicator reached a record low of five in February.

For further information, please visit CoinMarketCap or TradingView for additional chart analysis.