The cryptocurrency market has seen a significant downturn, with the Total3 indicator, which excludes Bitcoin and Ethereum, dropping approximately 40% from its October 2025 high of $1.19 trillion to around $713 billion. This decline follows a period of volatility post the 2024 U.S. presidential election, where the market initially surged by over 91%. Major cryptocurrencies have also suffered substantial losses. Bitcoin's value fell over 50% from its peak, briefly touching $60,000 before recovering to about $68,000. Ethereum has seen a 60% decline from its August 2025 high of nearly $5,000. Market sentiment remains low, with the CMC Fear & Greed Index at 14, indicating "Extreme Fear," and having reached a record low of 5 earlier this month.