Four-Hour Selloff Cuts Crypto Market Value by $140 Billion

The global crypto market lost $140 billion in roughly four hours Thursday, Nov. 5, reducing its total capitalization to about $2.53 trillion in a sharp contraction that underscored the market’s exposure to fast-moving selloffs. Two declines of similar size occurred within the past year. A $140 billion drop on Dec. 16, 2025, left total crypto capitalization at $3.02 trillion, while another on June 3, 2026, took it to $2.37 trillion. Each prior episode brought more than $1.6 billion in liquidations. Long positions, or bets on rising prices, accounted for as much as 89% of the positions wiped out.