Crypto Market Cap Falls 2.84% as Bitcoin Slips to $83,008

Bitcoin and major cryptocurrencies declined over 24 hours through Monday afternoon as the total crypto market value dropped to $2.81 trillion and leveraged positions were liquidated.

Bitcoin (BTC) traded at $83,008 at 5:04 p.m. ET (21:04 UTC) Oct. 12, down 0.73% from 24 hours earlier. Total crypto market capitalization fell 2.84%, while trading volume reached $78.56 billion.

Ether (ETH) was at $2,515, down 0.80%. XRP traded at $1.36 after falling 3.16%, and BNB declined 0.93% to $746.18.

Solana (SOL) dropped 2.57% to $108.20, while Dogecoin (DOGE) fell 2.23% to $0.0850.

Bitcoin represented 59.2% of the total crypto market, while Ether accounted for 10.9%. JUST (JST) was the strongest performer among the 39 largest crypto assets, rising 1.15%. Pump.fun (PUMP) was the weakest, falling 9.22%.

Liquidations totaled $224.2 million over the past 24 hours across Binance, Bybit and OKX. Long-position liquidations made up $166.7 million, while short-position liquidations reached $57.5 million.

The move followed a previous market update showing Bitcoin gaining as total crypto market value declined.