deflated
v. B2 Upper Intermediate US //dɪˈfɫeɪtɪd// UK //diːflˈeɪtɪd// de·flat·ed
v. to lose value or strength suddenly. You use this when a price, a market, or a feeling like confidence drops quickly.
v. to lose value, strength, or importance suddenly and significantly. Often describes economic assets or emotional states like confidence.
The stock market deflated after the bad news.
After the company announced its quarterly losses, the value of its shares deflated by over twenty percent in a single day.
The sudden deflation of the housing bubble led to a nationwide economic crisis, as property values plummeted and banks faced massive defaults on mortgages.