Crypto Market Corrects After US Election Rally Gains

The crypto market has experienced a significant correction after the gains made following the 2024 US presidential election rally. According to recent data, Total3's market capitalization has dropped by approximately 40% from its peak in October 2025. This decline has pushed the market below the pre-election levels.

Total3, which excludes Bitcoin and Ethereum, rose by over 91% after the election results were announced on November 5, 2024. It reached a high of about $1.19 trillion in October 2025 but then plummeted, breaking its structural upward trend. Currently, Total3 is valued at around $713 billion.

The correction has also affected other major cryptocurrencies. Bitcoin's price has fallen by more than 50% from its peak to trough and is currently recovering towards $68,000. Ethereum's value has decreased by about 60% from its historical high near $5,000 in August 2025. Sentiment indicators are at extremely low levels, with the CMC's Fear and Greed Index at 14, indicating 'Extreme Fear'. This level is one of the lowest recorded on the index.