$200 billion wiped out from the cryptocurrency market: a sharp sell-off sweeps through the markets

GasFeeCrier · 2026-02-13T02:11:09+00:00

The cryptocurrency market has experienced a significant decline, losing nearly $200 billion in total market value as Bitcoin led the drop after breaking support at $80,000. Most altcoins followed suit, with Ethereum and XRP showing considerable losses, while a few altcoins displayed mild resilience. Despite the downturn, some assets have recently shown slight rebounds, indicating potential buying interest.

GasFeeCrier

2026-02-13 02:11:09

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Cryptocurrency markets experienced a severe downturn, resulting in the loss of nearly $200 billion in total market capitalization. Red was dominant across most market indicators, with the total value of digital assets dropping to approximately $2.7 trillion. This wave reflects strong selling pressure affecting most digital assets recently.

Bitcoin Leads the Current Downtrend

Bitcoin led the declines after breaking below the support level at $80,000. The price quickly slipped to $77,000 before experiencing a limited rebound, currently trading around $66,430. Bitcoin declined by 1.92% in the last 24 hours, showing clear weakness in demand at higher price levels.

Altcoins Follow the Decline with Varying Degrees

Altcoins could not escape the impact of selling pressure. Ethereum fell from around $2,800 to $1,940 now, a 1.27% loss in 24 hours. XRP also dropped sharply to $1.36, down 1.66%, recording new lows. Conversely, some altcoins showed relative resilience, with SUI, DOGE, and LTC posting slight gains of 1.34%, 0.97%, and 0.49% respectively over the past 24 hours. SOL was among the biggest losers, down 2.36% during the same period.

Total Market Cap Loses $200 Billion in This Wave

Market figures illustrate the scale of losses endured by the sector. During the peak of the sell-off, several major coins lost double-digit percentages of their value before experiencing limited rebounds. The disappearance of this massive market value reflects intense selling pressure and rapid transfers between digital wallets. Despite the current declines, some assets have begun to show slight rebounds in recent hours, which may indicate a potential emergence of buying interest at current price levels.

XRP8,35%

SUI6,09%

SOL3,8%

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