The cryptocurrency market fell sharply on Thursday, November 12, 2026, as investors took profits after a recent rally.
Bitcoin dropped 0.45% to $106,500, while the total market capitalization of all tokens declined 0.6% to $3.2 trillion.
Major altcoins such as SPX6900, Celestia, Kaia, Sei, and Pi Network fell more than 10%, and other tokens like Pudgy Penguins, Sui, Dogwifhat, and JasmyCoin also posted double-digit losses.
The decline follows profit-taking after a recent surge and resistance near the $107,000 level, and the market may be undergoing a dead-cat bounce.