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Key Takeaways
- Total crypto market cap sits at $2.19T, down from a $4.28T peak.
- BTC’s drawdown is shallower than every prior cycle at this stage.
- XRP’s catalyst-driven peak produced a deeper correction than market momentum alone.
- If the four-year cycle holds, the bottom may still be months away.
Before measuring how far each asset has fallen, it is worth looking at the total crypto market cap first, as it provides the clearest single-number picture of what this correction has done to the industry as a whole. The total cryptocurrency market cap peaked at $4.28T during the 2025 cycle high and currently sits at $2.19T, a contraction of approximately $2.09T or nearly 49% from peak. That figure is not a single-session crash but a sustained decline spanning around nine months, consistent with the gradual distribution behavior seen at prior cycle tops. The breakdown across individual assets tells a more detailed story.
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