Total cryptocurrency market capitalization fell by 30% amid global economic instability

The total cryptocurrency market capitalization has fallen 30% from its December 2024 peak of $3.9 trillion to $2.7 trillion in April 2025. This significant decline comes amid uncertainty following new US tariffs, an announcement that has rattled investors, according to CoinMarketCap.

Bitcoin has performed relatively better compared to other cryptocurrencies, the online resource reports. Its market dominance grew to nearly 60%. While the token dropped to $74,500, it showed greater stability compared to higher-risk altcoins. Smaller cryptocurrencies experienced sharper declines, reflecting a broader trend of investors seeking safer assets within the crypto ecosystem, CoinMarketCap analysts notes.

In the past few days, bitcoin dropped 6% while Ethereum fell more than 12%. The total cryptocurrency market volume during this period stood at $2.5 trillion. According to experts from the online resource, the price decline was exacerbated by weekend liquidity constraints.

However, it remains uncertain whether bitcoin's relative strength will persist and whether the broader cryptocurrency market will follow traditional markets amid shifting political dynamics.