Crypto Market Cap Holds at $2.80 Trillion as Bitcoin Edges Higher

Bitcoin edged higher during the overnight and Asia session Oct. 10, but the broader crypto market declined as total capitalization fell and derivatives traders recorded nearly $100 million in liquidations.

Bitcoin (BTC) traded at $82,675 at 1:03 a.m. ET (05:03 UTC), up 0.44% over 24 hours. Total crypto market capitalization stood at $2.80 trillion, down 2.45%, while marketwide trading volume reached $70.98 billion.

The move followed a sharper decline in the previous session, when total crypto market capitalization fell 3.80% to $2.79 trillion and liquidations reached $740.7 million. The latest market update showed a smaller liquidation total and a modest gain for BTC.

Ether (ETH) rose 0.19% to $2,494, while XRP gained 1% to $1.41. BNB increased 0.87% to $747.34, and Solana (SOL) declined 0.23% to $109.88. Dogecoin (DOGE) advanced 1.58% to $0.0863.

Bitcoin accounted for 59.1% of the total crypto market, while Ether represented 10.8%. Among the top 39 cryptocurrencies, Polkadot (DOT) posted the strongest performance, rising 9.24%. Pump.fun (PUMP) was the weakest, falling 1.93%.

Liquidations across Binance, Bybit and OKX totaled $99.7 million over the 24-hour period. Short positions accounted for $55.6 million, while long positions made up $44.1 million.