Crypto Market Cap Falls 2.35% as Bitcoin Rises 1.37% to $84,186

Bitcoin (BTC) rose 1.37% to $84,186 as of 1:04 a.m. ET (05:04 UTC) Oct. 12, while total crypto market capitalization fell 2.35% to $2.83 trillion. The mixed move left the market's largest asset higher even as the broader market contracted.

Trading volume reached $58.32 billion over the 24-hour period. Bitcoin represented 59.7% of the total crypto market, while Ether (ETH) accounted for 11.1%.

Ether rose 2.34% to $2,568, XRP gained 1.62% to $1.42 and BNB increased 0.90% to $755.46. Solana (SOL) advanced 3.32% to $113.34, while Dogecoin (DOGE) climbed 2.75% to $0.0880.

Among the top 38 cryptocurrencies, Internet Computer (ICP) was the strongest performer, rising 14.14%. World Liberty Financial (WLFI) was the weakest, declining 0.35%.

Crypto derivatives liquidations totaled $138.5 million across Binance, Bybit and OKX. Long positions accounted for $35.4 million, while short positions made up $103.0 million.

The current market performance follows a prior session that also saw Bitcoin gain while total crypto capitalization declined.