Digital Asset Markets Give Back Nearly All Post-Election Rally Profits

Digital Asset Markets Give Back Nearly All Post-Election Rally Profits

Digital asset markets underwent an unprecedented collapse in October that halted the bullish momentum and sent investor confidence into a nosedive.

Digital asset markets have given back the majority of profits accumulated throughout the 2024-2025 rally that began following the 2024 United States elections, shedding approximately 40% in value from its highest point achieved in October 2025.

The Total3 Market Cap, which represents the aggregate market capitalization of all digital currencies aside from Ether (ETH) and Bitcoin (BTC), experienced a surge exceeding 91% in the immediate aftermath of the November 5 US Presidential election results, climbing to a peak of $1.16 trillion by December 2024.

To provide perspective, the Total3 Market Cap stood at approximately $600 billion just prior to the 2024 US election-driven rally.

Cryptocurrencies, Bitcoin Price
Total3 Market Cap from September 2024 through February 2026. Source: TradingView

Markets subsequently declined to approximately $900 billion territory, experiencing volatile price fluctuations through January 2025, at which point the Total3 momentarily recovered to $1.13 trillion on January 18 — occurring two days prior to Donald Trump's presidential inauguration in the United States.

Digital asset markets maintained predominantly sideways trading activity throughout the majority of 2025, ultimately reaching a fresh high of approximately $1.19 trillion in October 2025, mere days before an unprecedented market collapse shattered the sector's structural bullish trend.

At the time of this publication, the Total3 Market Cap stands at roughly $713 billion, essentially matching the level observed on November 10, 2024, while markets display minimal indications of any meaningful sustained rebound.

Foundational cryptocurrencies including Bitcoin and Ether have similarly retraced the bulk of their advances

BTC experienced a decline exceeding 50% from its highest to lowest point throughout the market correction, dropping to approximately $60,000 before mounting a modest rebound to around $68,000.

ETH pricing similarly crashed by roughly 60% from its record high approaching $5,000, which was attained in August 2025.

Cryptocurrencies, Bitcoin Price
Ether's price trajectory reached its zenith in August 2025 prior to declining to present levels. Source: TradingView

Sentiment among cryptocurrency investors has also reached multi-year nadirs. The Fear and Greed Index, which monitors market sentiment, registers at 14 at the time of this publication, signaling "extreme fear," per CoinMarketCap.

The metric dropped to a reading of five on February 5. This represents the most severe level ever documented by the CoinMarketCap Fear & Greed Index, according to accessible historical data.

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