Introducing the new list of CoinDesk 20 assets for the third quarter.
Elon Musk's tweets spur the latest drop.
Bitcoin traders are increasing their bullish bets in futures markets – and taking more risk.
Traders are betting on the "smart-contract" blockchain, which aims to compete with market leader Ethereum, even though it doesn't yet have smart-contract functionality.
There are signs some of the excessive leverage had been wrung out of the market, implying the potential for a fresh more to the upside, analysts said.
Kraken said ether's price saw a "sharp" downward movement on Monday.
GameStop's stock drama has had a galvanizing effect on stocks, bitcoin and even dogecoin.
Volume on eight trusted exchanges used by CoinDesk hit $239.98 billion in Q4 2020, up from $90.08 billion in the prior quarter.
Monday's plunge has erased almost all the gains the leading cryptocurrency had achieved in the new year.
In the latest CoinDesk 20 revision, five assets were replaced by crypto assets that saw recent quarterly volume surges.
The CoinDesk 20 has made its first change since launching in July: Orchid (OXT) has replaced the Basic Attention Token (BAT).
Based on "real volume" from eight reputable exchanges, these 20 digital assets attract most of the sector's legitimate trading activity.