Cryptocurrency Market Suffers Steep Decline in 2025

The cryptocurrency market experienced a significant downturn at the start of 2025, marking a sharp reversal from the optimistic outlook of 2024. CoinGecko reports that the total market capitalization plummeted by 18.6%, reaching $2.8 trillion, while daily trading volumes decreased by 27.3% to $146 billion. This downturn was driven by declining values across various digital assets and a general decrease in market sentiment. 2025 started with a significant loss for the cryptosphere.