total3

According to Cointelegraph, data shows that the crypto market has largely retraced the gains made after the 2024 U.S. presidential election. Total3 (the total market capitalization of cryptocurrencies excluding Bitcoin and Ethereum) surged over 91% shortly after the election results were announced on November 5, 2024, rising from about $600 billion to $1.16 trillion by December 2024. The market then fell back to around the $900 billion range and briefly rebounded to $1.13 trillion on January 18, 2025.In October 2025, Total3 reached a new stage high of about $1.19 trillion but subsequently faced a significant decline, breaking the structural uptrend. Currently, Total3 is approximately $713 billion, down about 40% from the October 2025 peak, nearing the mid-November 2024 levels, with no clear signs of sustained recovery in the market.In terms of mainstream assets, Bitcoin has seen a maximum drop of over 50% from its peak to its low, dipping to around $60,000 before rebounding to about $68,000; Ethereum has retraced about 60% from its historical high of nearly $5,000 in August 2025. Sentiment indicators are also at low levels. CMC's Fear and Greed Index reports a score of 14, indicating "extreme fear," and on February 5, it briefly fell to 5, one of the lowest levels on record.