Here is Why the Crypto Market Erased Over $120 Billion Today

The crypto market cap declined by more than $120 billion on Thursday to $2.57 trillion. Bitcoin, ETH, XRP, and Solana led the broader cryptocurrency selloff over the past 24 hours. Despite the renewed selling pressure on Thursday, a possible recovery is anticipated in the near future As Bitcoin ( BTC ), Ethereum ( ETH ), XRP , and Solana ( SOL ) capitulated on November 5, 2026, the crypto market capitalization flash-crashed by more than $120 billion. The crypto market cap fell to $2.57 trillion at the time of reporting, down from $2.69 trillion on Wednesday.