• Crypto market retraces almost all 2024-2025 US election pump gains The crypto market experienced a historic market crash in October that derailed the uptrend and caused investor sentiment to plummet. • Cointelegraph in your social feed The crypto market has retracted most of the gains made during the 2024-2025 pump that kicked off after the 2024 elections in the United States, and has lost about 40% of its value from the peak recorded in October 2025. • The Total3 Market Cap, a metric tracking the market capitalization of the entire crypto market, excluding Ether (ETH) and Bitcoin (BTC), surged by over 91% immediately following theoutcome of the US Presidential electionon November 5, reaching a high of $1.16 trillion by December 2024. • For context, the Total3 Market Cap was about $600 billion directly before the 2024 US election pump. • The market then fell to the $900 billion range, with price whipsawing until January 2025, when the Total3 briefly climbed back up to $1.13 trillion on January 18 - two days before theinauguration of Donald Trumpas president of the United States. • The crypto market continued to trade sideways for much of 2025, but finally hit a new peak of about $1.19 trillion in October 2025, days before ahistoric market crashbroke the structural uptrend of the crypto sector.
Article Summaries:
- Crypto markets have largely undone the rally sparked by the 2024 U.S. election, falling roughly 40 % from the October 2025 peak. The Total3 Market Cap-crypto cap excluding Bitcoin and Ether-has dropped to about $713 billion, near its November 2024 level, with no clear recovery trend. Bitcoin has shed over half its value, sliding from a $120 k peak to a low of $60 k before a modest rebound to $68 k. Ether fell about 60 % from an August 2025 high near $5 k. Investor sentiment remains at multi‑year lows, with the Fear & Greed Index at 14 (“extreme fear”).
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