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FTX Collapse Leaves Total Crypto Market Cap Under $800B, Close to 2022 Low

With investor confidence in cryptocurrencies ebbing as a result of the collapse of Sam Bankman-Fried’s FTX exchange, the total market capitalization of digital assets has fallen this month below $800 billion, a level not seen since early 2021, according to data from TradingView. 

Bitcoin (BTC), the largest cryptocurrency, fell 22% during the seven days through Nov. 13, its worst weekly performance in five months.The entire crypto market capitalization hit the $3 trillion mark then but has been declining since.

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