Cryptocurrencies worldwide have now officially erased more than half of their entire value in just 8 months, falling at a rate of roughly $9 billion per day during the period in review.
On October 6th, 2025, the total market cap of crypto hit a record $4.3 trillion.
Today, 261 days later, crypto is worth just $2.0 trillion, marking a -54 percent decline in value.
This means crypto markets have erased an average of -$8.8 billion per day for 261 days straight, according to research published by The Kobeissi Letter.
Many traders on X have opined that the crypto space is in desperate need of a new narrative.
Meanwhile, Bitcoin is now expected to fall below $50,000 this year.
The odds of Bitcoin falling below $50,000 in 2026 have surged to 64 percent, research showed.
There is also now a 46 percent chance of Bitcoin falling below $45,000.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
