The broader crypto market briefly looked set for relief, but recent activity might instead be hinting at capital draining out. In fact, the total crypto market capitalization, which once peaked at $4.6 trillion, sat at $2.12 trillion at press time. Ethereum [ETH] has tracked this very decline. The world’s second-largest cryptocurrency by market capitalization topped out at $597.54 billion, before sliding to $203.56 billion – Shedding more than half its value along the way.