Blood in the streets: Crypto market cap slashed in half since November
The crypto market is in shambles. The broad sell-off has cut the total market cap of the crypto sector in half, with certain altcoins nearing an 80% drawdown from their 2021 highs.
BTC has now seen a 52% decline from its Nov 10th ATH but has mostly outperformed all altcoins since the peak.
ETH is down 54% since the Nov 10th ATH. ETH climbed vs. BTC up until December but has struggled to maintain its strength with the bear market intensifying.