Since bitcoin hit an all-time high in November 2021, ~$2T of cryptocurrency value has been erased, which is more than two-thirds of all the crypto that existed (Wall Street Journal)

Wall Street Journal:
Since bitcoin hit an all-time high in November 2021, ~$2T of cryptocurrency value has been erased, which is more than two-thirds of all the crypto that existed  —  The cryptocurrency industry was built on swagger, enthusiasm and optimism.  All three are in short supply these days, as losses and layoffs mount.