BlockBeats News, February 22 — Data shows that the crypto market has largely retraced the gains made following the 2024 U.S. presidential election rally. Total3 (a metric of the total crypto market capitalization excluding Bitcoin and Ethereum) surged over 91% after the election results were announced on November 5, 2024, rising from approximately $600 billion to $1.16 trillion in December 2024.
Subsequently, the market retreated to around $900 billion and fluctuated, with a brief rebound to $1.13 trillion on January 18, 2025 (two days before the U.S. presidential inauguration). In October 2025, Total3 reached a new high of approximately $1.19 trillion but then experienced a sharp decline, breaking the structural upward trend.
Currently, Total3 is about $713 billion, down roughly 40% from its October 2025 peak, approaching mid-November 2024 levels, with no clear signs of sustained recovery in the market.
In terms of mainstream assets, Bitcoin has fallen over 50% from its peak to trough, dropping to around $60,000 at one point, and rebounded to about $68,000. Ethereum, after approaching a record high near $5,000 in August 2025, has declined approximately 60%.
Sentiment indicators are also at low levels. The Fear and Greed Index from CMC stands at 14, in the “Extreme Fear” zone, and on February 5, it briefly dropped to 5, one of the lowest levels recorded.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Holds $1.40 as Bitcoin Rally and ETF Inflows Lift Crypto Market
Key Insights
XRP maintained support above $1.40 as the broader market rebounded, while strong inflows into Bitcoin ETFs helped restore trading confidence.
Bitcoin surged beyond $74,000 alongside gains in major altcoins, lifting total crypto market value close to $2.45 trillion in one
CryptoFrontNews23m ago
Bitcoin mining company Cathedra Bitcoin and Sphere 3D reach a merger agreement, with combined operational capacity reaching 53 MW
Cathedra Bitcoin and Sphere 3D have reached a full stock transaction merger agreement. The new company after the merger will retain the Sphere 3D name and operate data centers in multiple states, with plans to expand operational capabilities and develop AI and high-performance computing services.
GateNews24m ago
New Yorkers can pay their mortgage with Bitcoin
New York City residents can now pay their mortgages using Bitcoin through the Strike platform, which has obtained the necessary licenses. This system streamlines transactions, lowers fees, and reduces the risks associated with price volatility, representing a major step forward in the integration of cryptocurrency into the real estate industry.
TapChiBitcoin1h ago
Price Predictions 3/6: BTC,ETH,BNB,XRP,SOL,DOGE,ADA,BCH,HYPE,XMR
Bitcoin (CRYPTO: BTC) faced a renewed test after a brief relief rally, sliding back below the $68,500 mark as sellers reasserted control. The move comes after the asset briefly flirted with the $74,000 threshold, a level that previously functioned as a ceiling during the latest ascent. Traders now e
CryptoBreaking1h ago
Strategy Disclosure of Top 10 Asset Management Companies' Holdings: Vanguard holds 8.12%, ranking first
MicroStrategy, a Bitcoin treasury company, disclosed the holdings of the top ten asset management companies worldwide. Vanguard Group has the largest stake at 8.12%, with a market value of over $3.1 billion. Other major shareholders include Capital Research and BlackRock.
GateNews1h ago
Bitcoin May Be Quiet Now but Institutional Flows Suggest a Bigger Move Ahead
Institutional investors are holding firm through bitcoin’s latest market dip, signaling deeper conviction as ETF inflows, new buyers, and geopolitical tensions reinforce the cryptocurrency’s growing role as a potential safe-haven asset.
Why Institutional Investors Aren’t Dumping Bitcoin During the
Coinpedia1h ago
