After the US election on November 5, in the context of high market enthusiasm and speculative activity, the single-day trading volume of cryptocurrencies soared to $126 billion. It is currently down to $35 billion, down about 70% from its peak and back to pre-election levels. The total cryptocurrency market capitalization peaked at about $3.90 trillion before falling back to its current level of about $2.90 trillion, down 25%.