Crypto Market Suffers 54% Decline in Six Months Amid Macro Pressure

Crypto market capitalization has plummeted from $4.3 trillion to around $2 trillion, a 54% drop since last October, according to Alea Research.

The research firm attributes this decline to macro pressure, fading risk appetite, and weaker marginal inflows, which have made it difficult for Bitcoin (BTC) and major altcoins to sustain upside momentum without a fresh catalyst.

Alea's report highlights that the market is no longer simply undervalued; it is 'tired,' with the temporary relief from lower oil prices having faded quickly, mega-cap tech no longer serving as an unquestioned haven, and crypto's sensitivity to downside shocks increased.