Crypto market wipes out over $42 billion amid sticky U.S. inflation
Amid the recent choppy consolidation for the broader cryptocurrency industry, after a strong rebound over the past three months, crypto market capitalization wiped out over $42 billion on October 14, 2026. The total crypto market cap had fallen by more than $42 billion, or a decline of around 1.44%, down from $2.91 trillion to $2.868 trillion at the time of reporting, according to data Finbold analyzed from CoinGecko . Crypto market capitalization change for the past 24 hours. Source: CoinGecko The cryptocurrency plunge on Wednesday saw Bitcoin (BTC) lead the broader altcoins in correction. At the time of writing, BTC traded at around $81,861, down 2% over the past 24 hours. Top crypto assets’ performance today. Source: CoinMarketCap Meanwhile, Ethereum (ETH), XRP, and Solana (SOL), had depreciated by 3.17%, 2.99%, and 2.77%, respectively. Crypto market bleeds due to sticky U.S. inflation The broader crypto market’s devaluation was driven by the hotter-...