Crypto: Record $2.3 Trillion 8-Month Market Cap Drop
Crypto total market cap drops $2.3 trillion from $4.3T peak to $2T in 261 days, largest 8-month decline on record.
SourceAnalysis
Crypto markets erased a record $2.3 trillion in total market cap over 261 days, the largest 8-month decline in historical cryptocurrency total market cap drawdowns by duration, falling from $4.3 trillion on October 6, 2025 to $2.0 trillion today per The Kobeissi Letter data and exceeding all prior largest crypto bear markets 8-month declines comparison benchmarks at an average -$8.8 billion daily pace for a 54% loss; BTC participants now hunt fresh catalysts.
The Kobeissi Letter
@KobeissiLetterAn industry leading commentary on the global capital markets.
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