The total crypto market cap fell under $3 trillion for the first time since May 8, as the downturn deepens and Bitcoin slumps toward mid-$80,000 levels.
Bitcoin's price has dropped sharply to around $85,310, extending a month-long decline in the cryptocurrency market. The total market capitalization has fallen below $3 trillion for the first time since May 8, now at approximately $2.95 trillion. This continues a broader correction that began in early October, with values down at least 30% overall. Despite the downturn, figures such as Michael Saylor and the nation of El Salvador have maintained or increased Bitcoin purchases, demonstrating ongoing confidence amid market weakness.