Crypto Market Experiences Massive Slump
Estimated reading time: 3 minutes
Key Takeaways
- Approximately $250 billion wiped from crypto market cap today.
- Global stock and crypto rally hit a wall, impacting AI and tech companies.
- Crypto liquidations soared to $1.37 billion recently.
- Sentiment dipped with annualized futures premium on major exchanges dropping.
- US stock market saw over $730B wiped out, tech stocks led the decline.
Table of contents
Crypto Market Today
Around $250 billion vanished from the crypto market cap as the market faced a downturn. Global stock and crypto movements were halted by challenges in AI and tech sectors. CoinGlass data shows crypto liquidations reaching $1.37 billion recently.
BREAKING: $250,000,000,000 wiped out from the crypto market cap today. pic.twitter.com/eHA5IzV05u
— Watcher.Guru (@WatcherGuru) November 4, 2025
Market sentiment fell, with futures premiums on major exchanges dropping from about 7% to below 4% over a week, as per Velo. Trading remains active despite the dip, as investors react to the widespread slump. BTC’s dominance has risen since other major cryptos like ETH and XRP went down further.
Impact on US Stocks
The US stock market wasn’t spared, losing over $730 billion. Tech giants like Nvidia and TSLA saw declines of over 4% each. Defense firm Palantir, despite posting better quarterly results than expected, saw a sharp 8% drop in shares.
Investment Banks’ Warnings
Comments from major investment banks’ CEOs caught traders’ attention. Goldman Sachs’ David Solomon and Morgan Stanley’s Ted Pick hinted at potential pullbacks for stocks, suggesting drawdowns between 10% to 15% might occur without any major macroeconomic shifts.
Also Read
$250 Billion Wiped Out from Crypto Market Cap Today Amid Slump
Frequently Asked Questions
What caused the crypto market slump?
The market faced downturns due to challenges in artificial intelligence and tech sectors, affecting sentiment and liquidations.
How much money was wiped out from the stock market?
The US stock market saw a loss over $730 billion, with noticeable declines in major tech stocks like Nvidia and TSLA.
Why did investment banks warn about pullbacks?
CEOs from major banks warned due to potential market corrections without any significant macroeconomic triggers, indicating caution.
