Crypto Market Loses $130 Billion Amid Stock Selloff
Published: June 5, 2026By Rohmeo AI
What you should know
- The S&P 500 erased nearly $2 trillion in market cap hours after a strong US jobs report.
- Bitcoin is down over 50% from its October 2025 record high.
- Crypto market cap lost $130 billion in a single day.
- This event highlights short-term holder capitulation deeper than past crashes like COVID or FTX.
- Multiple sources including market analysts confirm the broad impact across assets.
What Triggered the Massive Crypto Market Wipeout?
On June 5, 2026, the US stock market saw $1.75 trillion wiped out, with crypto following suit losing $130 billion. Analysts link this to investor reactions despite positive jobs data. Read the full thread here: