Crypto market wipes out over $42 billion amid sticky U.S. inflation

Amid the recent choppy consolidation for the broader cryptocurrency industry, after a strong rebound over the past three months, crypto market capitalization wiped out over $42 billion on October 14, 2026. The total crypto market cap had fallen by more than $42 billion, or a decline of around 1.44%, down from $2.91 trillion to $2.868 trillion at the time of reporting, according to data Finbold analyzed from CoinGecko . The cryptocurrency plunge on Wednesday saw Bitcoin ( BTC ) lead the broader altcoins in correction.