Crypto Market Erases Most 2024–2025 Election Rally Gains After October Crash

The crypto market has surrendered nearly all gains made during the post election surge that followed the November 2024 U.S. presidential vote. After rallying sharply through late 2024 and much of 2025, the sector reversed course in a historic October downturn.

The Total3 Market Cap which tracks the crypto sector excluding Bitcoin and Ethereum climbed more than 91% after the Nov. 5 election, rising from roughly $600 billion to $1.16 trillion by December 2024. Momentum briefly returned in January 2025, pushing the metric back above $1.13 trillion just before Donald Trump’s inauguration.

A final peak near $1.19 trillion was recorded in October 2025 before a sharp sell-off broke the broader uptrend. Total3 now stands near $713 billion, representing a decline of about 40% from its 2025 high and placing the market close to early post-election levels.

Bitcoin and Ethereum Post Deep Corrections

Bitcoin fell more than 50% from its cycle peak to around $60,000 before stabilizing near $68,000. Ethereum dropped roughly 60% from its August 2025 high near $5,000.

Investor sentiment has also weakened significantly. The Fear & Greed Index published by CoinMarketCap currently sits at 14, signaling extreme fear and underscoring cautious market conditions.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.