Crypto Market Cap Falls 2.88% to $2.81 Trillion as Bitcoin Slips

The total crypto market capitalization fell 2.88% to $2.81 trillion on Oct. 12 as Bitcoin slipped, even as Ether and several major altcoins posted gains over the same 24-hour period.

Bitcoin (BTC) traded at $82,690 at 9:04 a.m. ET (13:04 UTC), down 0.48% from 24 hours earlier. Marketwide trading volume reached $73.92 billion.

Ether (ETH) rose 1.04% to $2,530. Solana (SOL) gained 0.81% to $110.31, while Dogecoin (DOGE) increased 1.02% to $0.0861.

XRP declined 0.27% to $1.39, and BNB slipped 0.13% to $747.74. Bitcoin represented 59.0% of the total crypto market, compared with Ether’s 11.0% share.

Internet Computer (ICP) was the strongest performer among the top 38 cryptocurrencies, rising 9.19%. Quant (QNT) was the weakest, falling 4.94%.

Crypto derivatives markets recorded $204.5 million in liquidations during the same 24-hour period. Short positions accounted for $111.8 million, while long positions represented $92.8 million.

The move followed an earlier update showing Bitcoin rising while total crypto market value declined.