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Crypto market erases 91% post-election rally
The cryptocurrency market has erased its 91% post-election rally following Donald Trump’s victory, while the Fear and Greed Index is experiencing its longest period of fear since the Terra-LUNA collapse in 2022. By December 2024, after the U.S. elections, the Total3 indicator — which tracks the total cryptocurrency market capitalization excluding Bitcoin and Ethereum — had surged to $1.16 trillion. Today, Total3 stands at $713 billion, returning to its November 10, 2024 level, when post-election optimism peaked. According to Coinpaper, after reaching its December high, the market corrected to the $900 billion ... (full story)
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