James Butterfill, Head of Research at CoinShares, stated that over the past two weeks, the total outflow from cryptocurrency ETFs has reached $3.43 billion. Since October last year, the total assets under management in crypto funds have decreased by $73 billion, down to $165.8 billion.

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While analysts mostly focus on Bitcoin or individual altcoins, the structure of the total cryptocurrency market capitalization is approaching a critical threshold in January. Signs of weakening liquidity indicate how fragile this structure has become.

In its report titled “Big Ideas 2026”, ARK Invest analysts stated that the cryptocurrency market is expected to grow at approximately 61% per year. The price of BTC is projected to reach between $950,000 and $1 million within the next five years, driven by an increase in Bitcoin holdings among large corporations and the growing popularity of cryptocurrency ETFs, according to the analysts.

The total cryptocurrency market capitalization has fallen to an eight-month low, erasing all gains made this year. Analysts remain pessimistic in the short term. According to CoinGecko, total market capitalization at Thursday’s close dropped to $2.93 trillion, the lowest level since April.

In November, Bitcoin’s share of the total cryptocurrency market capitalization declined to 58.7%, while Ethereum’s share fell to 11.6%. Traders and investors were affected by the decline in share prices of artificial intelligence operators, as well as uncertainty surrounding the timeline for interest rate cuts by the U.S. Federal Reserve (Fed) next year.

This is the first time since 2020 that the company’s shareholder value has turned negative relative to the value of its bitcoin holdings, when Strategy began aggressively accumulating cryptocurrency as a hedge against inflation. At a share price of $184, Strategy’s current market capitalization stands at about $49 billion, while the value of its 650,000 BTC reserves exceeds $59 billion.

The market capitalization fell below $3 trillion after AI trading “began to unravel,” triggering an outflow from risky assets. Wintermute researchers noted that investors took profits in the tech sector, increasing pressure on cryptocurrencies. The decline occurred “amid thin liquidity ahead of the U.S. holiday period.” Supply dropped to April levels. Altcoins again became the weakest segment.

The recent decline in bitcoin’s price has caused the global cryptocurrency market capitalization to drop by $1.1 trillion since October 10 — down to $3.2 trillion. On average, the market has been losing about $27 billion per day during this period.

Bitget’s Transparency Report for October 2025 highlights the company’s key areas of growth: increased liquidity, expanded accessibility, and the unification of traditional and decentralized finance through innovation, transparency, and inclusivity.

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This week, global financial markets are facing a major sell-off as demand for risk assets — including cryptocurrencies and stocks — continues to decline.

Nearly a year after its launch, Ripple’s RLUSD stablecoin has surpassed $1 billion in market capitalization, ranking 10th among the largest U.S. dollar–pegged stablecoins. Since the beginning of the year, the digital asset has grown by 1,278%.

According to DappRadar analysts, the total market capitalization of stablecoins exceeded $312 billion in October 2025. This figure is greater than the GDP of 151 countries and is comparable to the economy of Finland.

According to Circle, the Asia-Pacific region is the fastest-growing stablecoin market: between June 2024 and June 2025, on-chain stablecoin transactions totaled $2.4 trillion.

The supply of stablecoins has reached an all-time high of $283.2 billion, and this is not the sector’s only record. According to Token Terminal data, the number of monthly stablecoin senders hit 25.2 million, also the highest level in history.

Cryptocurrency

Ethereum’s price fell more than 6% in the last 24 hours to $4,172, reaching its lowest level since early August. This decline wiped out billions of dollars from ETH’s market capitalization, which now stands at approximately $503 billion.

The market cap of the new mUSD stablecoin from the MetaMask wallet quickly surged to $65 million within a week of its launch, up from $15 million at the start.