Feb 13, 2025
Ibiam Wayas
The crypto market crash in the past few days has been fierce. So far, crypto has shaded about $1.3 trillion in market cap, since its peak in December.
That figure represents a 33% drop in just three months, an average of $15.5 billion lost every single day for 84 days straight.
The stock market is not left out either. Over the past two months, the S&P 500 and crypto have lost a staggering $5.5 trillion in market value.
The trade war is being blamed for the collapse of both the crypto market and the stock market at large.
The United States has been embroiled in a trade war with other nations, including Canada, which obviously has been affecting sentiments and market appeal.
But that’s not the full story. Institutional investors started bailing long before the drop even began. Heading into 2025, hedge fund exposure to Magnificent 7 stocks hit a 22-month low.
Amidst the crypto market crash, the market currently sees over $2.6 trillion in market cap. It would be practically impossible for crypto to crash to zero.
Next Up