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Crypto Market Crashes, Market Capitalization Drops by Half in 8 Months
The crypto industry is entering a crisis phase after losing half its value in just the last eight months. Based on chart movement data, the total crypto market capitalization once reached an all-time high of $4.3 trillion on October 6, 2025. However, in the middle of this year—specifically after 261 days—its market capitalization value shrank drastically to $2.0 trillion, a decline of minus 54%.
This massive evaporation of assets has caused the crypto market to lose an average of minus $8.8 billion per day for 261 consecutive days. A series of geopolitical sentiments and global macro factors are believed to be the main drivers of this gradual collapse, ranging from new U.S. trade tariff tensions against the European Union, the outbreak of the Iran war, to Bitcoin falling below the $60,000 level, triggering widespread panic in the derivatives market.
With a valuation loss of $2.3 trillion from its peak, the crypto industry is now in a critical condition that requires major stimulus. Market participants and investors believe the industry urgently needs a new, fundamental, and fresh narrative to restore investor confidence and reverse the downward trend that has been steadily eroding liquidity.