According to @KobeissiLetter, the total crypto market cap peaked at a record USD 4.27 trillion on October 6 and has since dropped below USD 3 trillion as of November 20, a decline of USD 1.3 trillion over 45 days, source: @KobeissiLetter. This equates to roughly a 30 percent drawdown and an average loss of about USD 28.9 billion per day based on the figures provided, source: @KobeissiLetter. The move is described as one of the fastest moving crypto bear markets on record, source: @KobeissiLetter.