#Crypto Market Cap Drops to Eight-Month Low at $2.93 Trillion


The total crypto market capitalization fell to $2.93 trillion in late Thursday #trading, marking its lowest point since April. The decline erased most of 2025's gains, with analysts forecasting continued downward pressure in the near term.


Market capitalization has decreased approximately 33% from its all-time peak of $4.4 trillion reached in early October. The total value is down nearly 14% since the start of this year. The market previously hit a 2025 low of $2.5 trillion on April 9 before recovering to record highs six months later.


The Bank of Japan raised interest rates to 0.75% Friday morning, a decision some analysts predicted would negatively impact crypto markets. However, $BTC climbed 2.3% following the announcement. MN Fund co-founder Michaël van de Poppe said more short-term pain appears likely until the central bank's rate decision settles.


Van de Poppe predicted $BTC could experience a 10% to 20% cascade, potentially triggering #altcoin drops of similar magnitude. He suggested such moves could lead to quick bounces afterward. The crypto market cap has remained largely range-bound since March 2024 and has now returned to the middle of that range.

image
December 19, 2025 at 12:25 PM
5
3