Over 50% Decline in 72 of the Top 100 Cryptocurrencies by Market Cap

Galaxy Research, the research arm of cryptocurrency-related company Galaxy, reported on the 6th that 72 of the top 100 cryptocurrencies by market cap have experienced a decline of over 50% from their all-time highs (excluding stablecoins).

The following image shows a graph published by Galaxy Research on platform X, indicating the decline rates for each cryptocurrency. From this graph, it is evident that 13 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), XRP, BNB, and Solana (SOL) have registered declines of less than 50%.

Given the relatively short history of cryptocurrencies since their inception, ...