Galaxy Research Finds Majority of Top Cryptocurrencies Down Over 50% From Peak

Galaxy Research Finds Majority of Top Cryptocurrencies Down Over 50% From Peak

According to Galaxy Research, 72 of the top 100 non-stablecoin cryptocurrencies have fallen more than 50% from their record highs, while Bitcoin, Ethereum, XRP, BNB, and Solana sustained smaller declines.

BTC
ETH
BNB

Fact Check
The statement is strongly supported by the two most authoritative and relevant sources provided. The Yahoo Finance article directly reports on the Galaxy Research study, with a headline and content explicitly stating that "72 of the top 100 cryptocurrencies remain over 50% below all-time highs." This figure (72%) represents a clear majority and directly confirms the user's statement. Furthermore, the social media post from Alex Thorn, the Head of Research at Galaxy Digital, serves as a primary source confirmation of the report's findings. The remaining sources are either completely irrelevant to the topic (real estate, taxes, politics) or do not contain information about this specific report. There is no conflicting evidence among the provided sources, and the primary and secondary evidence are in perfect alignment, leading to a high degree of confidence in the statement's truthfulness.
Summary

Galaxy Research reported that 72 of the top 100 cryptocurrencies, excluding stablecoins, have dropped over 50% from their all-time highs as of November 6. Only 13 assets, including Bitcoin (BTC), Ethereum (ETH), XRP, Binance Coin (BNB), and Solana (SOL), remain under the 50% decline threshold. The data highlights widespread market losses, with most altcoins experiencing steep devaluations, while leading tokens have shown relative resilience.

Terms & Concepts
  • All-time high (ATH): The highest price ever recorded for a cryptocurrency or asset.
  • Galaxy Research: A cryptocurrency-focused research division of Galaxy Digital, providing market data and analysis.