TechFlow news, according to The Block, sector indices in the cryptocurrency market have retraced all gains made after the U.S. election. Among them, the GMMEME and GMAI indices have fallen 60% and 56% respectively from their December 2024 highs.
In contrast, U.S.-related and DeFi-related indices have shown relative resilience. The GMUS index—representing protocols tied to U.S. entities (including SOL, XRP, DOGE, etc.)—has declined only 29% from its January 2025 peak; the GMDEFI index (including LINK, UNI, AAVE, etc.) has dropped 38% from its December high.
The GM30 index—representing the top 30 cryptocurrencies—has fallen 24%, supported primarily by price stability in Bitcoin, XRP, and BNB. Data shows that since early December 2024, the TOTAL2 index has declined 28%, while Bitcoin has fallen only 6%, with Bitcoin's market dominance rising by 13 percentage points.
