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Crypto Market Collapses, Market Cap Lost Half in 8 Months
The crypto industry enters a crisis phase after losing half of its value in just the last eight months. Based on chart movement data, the total crypto market capitalization once hit an all-time high of $4.3 trillion on October 6, 2025. However, entering the middle of this year, specifically after 261 days, that market capitalization value shrank drastically to $2.0 trillion, marking a decline of minus 54%.
This massive evaporation of asset value has caused the crypto market to lose an average of minus $8.8 billion per day for 261 consecutive days. A series of global geopolitical and macroeconomic sentiments are suspected to be the main triggers of this gradual collapse, ranging from new US trade tariff tensions against the European Union, the outbreak of the Iran war, to Bitcoin's price falling below the $60,000 level, triggering mass panic in the derivatives market.
With the loss of $2.3 trillion in valuation from its peak, the crypto industry is now in a critical condition requiring significant stimulus. Market participants and investors believe the industry urgently needs a fundamental and fresh new narrative to restore investor confidence and reverse the downward trend that continues to erode liquidity.