The crypto market evaporated $1.3 trillion in market value in three months, the biggest quarterly decline in history

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According to The Kobeissi Letter, since hitting an all-time high on December 16, 2024, the cryptocurrency market has evaporated $1.3 trillion in market capitalization, a decline of 33%, equivalent to an average daily loss of $15.5 billion for 84 consecutive days. The Kobeissi Letter notes that this marks the largest three-month market cap pullback in crypto history, with the current total crypto market value falling to its lowest level since November 6, 2024.

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