Crypto Market Collapses After Election Euphoria Fades

The crypto market has experienced a drastic decline since the post-election surge. Trading volume has plummeted by 70%, shedding billions of dollars in value across Bitcoin, Ethereum and altcoins. This dramatic drop follows the initial euphoria surrounding the election, marked by soaring trading volumes and optimistic projections. Analysts now find themselves struggling to predict future market movements due to the sudden silence and lack of clear direction. While the market witnessed a brief surge of optimism post-election, it has shifted into a bear market characterized by heavy losses, with Bitcoin leading the decline.