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Crypto Market Collapses, Market Capitalization Loses Half in 8 Months
The crypto industry has entered a crisis phase after losing half its value in just the last eight months. Based on chart movement data, total crypto market capitalization once recorded an all-time high of $4.3 trillion on October 6, 2025. However, entering the middle of this year—precisely after 261 days—the value of market capitalization dropped sharply to $2.0 trillion, representing a decline of minus 54%.
This massive evaporation of assets has caused the crypto market to lose, on average, minus $8.8 billion per day for 261 consecutive days. A series of geopolitical and global macro sentiments are believed to be the main triggers behind this gradual collapse, ranging from new U.S. trade tariff tensions against the European Union, the outbreak of the Iran war, to the fall of Bitcoin below the $60,000 level, which sparked 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 this industry urgently needs a new, fundamental, and fresh narrative to restore investor confidence and reverse the downward trend that keeps eroding liquidity.