The trading volume of cryptocurrency plummeted 70% after the peak following the US election

After the US election on November 5, against the backdrop of a buoyant market and active speculative activities, the daily trading volume of cryptocurrencies soared to $126 billion. It has now fallen to $35 billion, a decrease of about 70% compared to its peak, returning to pre-election levels. The total market value of cryptocurrencies reached approximately $3.9 trillion at its peak and subsequently fell back to around $2.9 trillion currently, down by 25%.