On January 21, according to CoinMarketCap data, the total market value of cryptocurrencies fell below 1.9 trillion US dollars, and the current total market value is 1.82 trillion US dollars. The total market capitalization of cryptocurrencies previously reached an all-time high of $2.93 trillion on November 9, 2021, and continued to decline for more than two months, falling below $2 trillion in the early hours of this morning.