Here is Why the Crypto Market Erased Over $120 Billion Today
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
The total cryptocurrency market capitalization fell by more than $120 billion on November 5, 2026, dropping roughly 4.46% to $2.57 trillion from $2.69 trillion a day earlier as Bitcoin, Ethereum, XRP, and Solana all sold off sharply. The broad-based capitulation across major tokens drove the flash crash, erasing value across the largest assets rather than isolating losses to a single coin. The scale of the drawdown matters because it signals widespread risk-off pressure across crypto markets rather than a protocol-specific event. Traders will watch whether BTC, ETH, XRP, and SOL can stabilize near current levels or extend losses, and whether the $2.57 trillion market cap holds as support in the sessions ahead.
Muhabbit's AI wrote this summary in its own words from Coinpedia's report. It can get details wrong, so check the source.
Named in this story
A linked name opens that asset's sentiment page.