According to The Kobeissi Letter, since reaching a record high on December 16, 2024, the cryptocurrency market has lost $1.30 trillion in market capitalization, a drop of 33%, equivalent to an average daily loss of $15.50 billion for 84 consecutive days. The Kobeissi Letter notes that this marks the largest three-month market cap correction in cryptocurrency history, and the total value of the cryptocurrency market has now fallen to its lowest level since November 6, 2024.