Crypto market sheds $140 billion in four hours

A sharp selloff pushed total crypto market capitalization to roughly $2.53 trillion, echoing a string of similar leverage-driven drops The crypto market lost $140 billion in total market capitalization in about four hours. The selloff, which hit on November 5, 2026, left the total value of all crypto assets at approximately $2.53 trillion. It also fits a pattern that has repeated across the past year: a fast, deep drawdown followed by a wave of forced selling in the derivatives market. What happened in those four hours The headline figure is simple. Total crypto market capitalization fell by $140 billion inside a four-hour window. The decline brought the total market to about $2.53 trillion. For context, that is still above the roughly $2.37 trillion level the market touched during a comparable selloff on June 3, 2026. A familiar script This was not the first $140 billion drawdown in recent memory. Similar-sized drops showed up on at least two other occasions. On December 16, 2025, a selloff of that magnitude pushed total market cap down to $3.02 trillion. Bitcoin was trading around $85,200 at the time. On June 3, 2026, another drop of the same size took total market cap to $2.37 t...