Crypto Market Cap Drops by $2.3 Trillion in Eight Months

The cryptocurrency market has suffered a significant downturn in recent weeks, with its total market capitalization dropping by $2.3 trillion between October 2025 and June 2026.

Bitcoin's price fell to $58,000 on June 25, while Ethereum plummeted to $1,500 on the same date.

Data from Coinglass reveals that there were $3.3 billion in liquidations in the crypto market between June 22 and June 27, with spot Bitcoin ETFs experiencing $1.79 billion in outflows between June 22 and June 26.

XRP and HYPE were the only crypto market ETFs to see inflows this week, with XRP gaining $22.99 million and HYPE adding $111.36 million.