$250 Billion Wiped Out from Crypto Market Cap Today Amid Slump
Estimated reading time: 3 minutes
Key Takeaways
- Crypto market liquidations amounted to $1.37 billion.
- US stock market saw a loss of over $730B led by tech stocks.
- Goldman Sachs and Morgan Stanley CEOs warned of possible stock pullbacks.
- BTC dominance is increasing due to the slump in ETH and XRP prices.
- Palantir shares dropped 8% even after beating expectations.
Table of contents
Market Slump
Around $250 billion vanished from the crypto market cap today due to a massive market drop. Both global stock and crypto markets hit a snag, majorly affected by artificial intelligence and tech companies. Crypto liquidations hit $1.37 billion in the past 24 hours.
BREAKING: $250,000,000,000 wiped out from the crypto market cap today. pic.twitter.com/eHA5IzV05u
— Watcher.Guru (@WatcherGuru) November 4, 2025
Sentiment Dip
Market sentiment is also down. The annualised futures premium on key exchanges fell from about 7% to below 4% in just a week. Velo data shows trading is still lively as investors capitalize on the dip. BTC’s dominance is rising, with ETH and XRP sinking deeper.
Stock Market Troubles
Outside the crypto scene, the US stock market wasn’t any better. Over $730 billion got erased, with big names like Nvidia and TSLA each seeing more than 4% dips. Palantir shares dropped 8% despite beating Wall Street’s quarterly predictions, a move that seems to have spurred worry.
CEOs’ Comments
Comments from the heads of two major investment banks also caught traders’ attention. David Solomon from Goldman Sachs and Ted Pick from Morgan Stanley cautioned that stocks might see a drop. Pick said, “We should expect potential drawdowns of 10%-15% without a major macro event.”
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Frequently Asked Questions
What caused the recent crypto market drop?
The fall was mainly due to pressure from artificial intelligence and tech companies affecting both the stock and crypto markets.
How much was lost in the crypto market crash?
Around $250 billion was wiped from the crypto market cap in one day.
Why did Palantir shares drop?
Even though Palantir’s results exceeded expectations, its shares fell possibly due to widespread trader apprehension.
What are the implications of BTC’s rising dominance?
As BTC dominance rises, it shows that investors may be moving from other major cryptos to Bitcoin amid market uncertainty.
