On March 30, after the U.S. election on November 5, the daily trading volume of cryptocurrencies surged to $126 billion against a backdrop of high market enthusiasm and active speculative activities. Currently, it has dropped to $35 billion, a decline of approximately 70% from its peak, returning to pre-election levels. The total market capitalization of cryptocurrencies reached around $3.9 trillion at its peak, subsequently falling to the current level of approximately $2.9 trillion, a 25% decrease. ()
Cryptocurrency trading volumes plunge 70% from post-US election peak
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