Cryptos’ Market Cap Tanks Below $1 Trillion, Crypto.com CEO Lays Off 5% Staff

Amid a wider market rout, the total market capitalization of cryptocurrencies has fallen below $1 trillion, levels not seen since February 2021. The combined market capitalization of cryptos has fallen to $969 billion, according to data from Coinmarketcap, a drop of about 200% from the market’s all-time high market capitalization of about $3 trillion, seen last November.