The total crypto market return, excluding stablecoins, for the period between September 30, 2025, and December 31, 2025, was approximately
-23.50% 1.
This performance metric reflects the cumulative change in the total circulating market capitalization of all non-stablecoin assets tracked during this timeframe
1. The data indicates a significant downward trend in market valuation over the final quarter of 2025
1.