Crypto Sheds $571 Billion in Ten Days as Losses Deepen

Crypto markets shed about $571 billion in value over ten days through Saturday evening, with the latest daily losses exceeding those during bitcoin's Nov. 12 break below $72,000.

CoinMarketCap's historical data put total crypto market capitalization at $2.12 trillion at 9 p.m. ET on Nov. 14, down from $2.69 trillion at the same time on Nov. 4. That was a decline of 21.2%. The half-trillion-dollar loss accumulated over those ten days, not just since Thursday's break below $72,000.

Prices subsequently recovered some ground. By about 9:12 p.m. ET Saturday, Coinbase's spot feeds quoted bitcoin at $64,102.52 and ether at $1,778.11.

At the synchronized 9 p.m. endpoint used for the market-cap comparison, Coinbase's bitcoin data showed $62,570.42, down 22.4% over ten days. Ether stood at $1,729.44, a 28.8% decline over the identical window.

Daily Losses Deepen After the $72,000 Break

The Defiant reported bitcoin's move below $72,000 on Nov. 12. Comparing equal 24-hour windows ending at 9 p.m. ET on Nov. 12 and Nov. 14 shows that the latest leg was steeper for both bitcoin and ether, as well as the broader market.

Daily Losses Exceed the Nov. 12 Selloff

Sources: CoinMarketCap and Coinbase; The Defiant calculations. Each window spans 24 hours ending at 9 p.m. ET on the stated date. Coinbase returns use the first trade in the hourly bucket at each endpoint, not intraday highs or lows.

The latest 24-hour decline alone erased about $178 billion from CoinMarketCap's total. These market-cap changes measure changes in quoted asset values, not cash withdrawn from crypto: the provider calculates capitalization from prices and circulating supplies.

Leveraged bullish traders also suffered forced closures. Coinalyze's all-coins dashboard showed about $1.3 billion in liquidations over its trailing 24-hour window, including about $1.2 billion in long positions—bets on rising prices—and $100.1 million in shorts. That is a tracked-market tally rather than a complete industry total; Coinalyze warns that some exchanges do not supply full liquidation data.