Crypto market cap drops $140B in four hours, Cointelegraph says
Roughly $140 billion vanished from the total crypto market cap in a single four-hour stretch, according to Cointelegraph. The outlet flagged the move as a "REKT" moment, the kind of fast, ugly drawdown that hits traders across the board rather than one coin at a time.
Crypto took a $140 billion hit in four hours. That's the size of the drop in the total crypto market cap, the combined value of every coin in circulation, according to a post from Cointelegraph. The outlet called it flat-out rekt.
The speed is the story. Four hours is barely a trading session, and a loss that size means the damage spread across the market instead of landing on a single token. Total market cap moves when the whole board sells off together.
Cointelegraph didn't say in the post what triggered the slide, and it gave no updated figure for where the market cap sits now. That leaves the cause and the scale of any recovery as open questions.
What's next is simple to watch: whether the bleeding stops or the drop keeps stacking. For now, the only hard number on the table is that $140 billion gap, and it opened fast.
TopicsCointelegraph
Written by Paparazzi with AI. Not financial advice.
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