Crypto Market Capitalization Falls 2.99% to $2.83 Trillion

Bitcoin (BTC) traded at $83,538 at 2:24 a.m. ET Oct. 14 as total crypto market capitalization fell 2.99% over 24 hours to $2.83 trillion. The decline came alongside losses in most major cryptocurrencies and $74.1 million in liquidations across Binance, Bybit and OKX.

Bitcoin was down 0.22%. Ether (ETH) fell 0.97% to $2,507, XRP (XRP) declined 0.67% to $1.37, and BNB (BNB) lost 0.30% to $743.30. Solana (SOL) dropped 1.09% to $107.38, while Dogecoin (DOGE) slipped 0.42% to $0.0846.

Bitcoin represented 59.3% of the market, and Ether accounted for 10.8%.

Among the top 39 cryptocurrencies, Zcash (ZEC) gained 2.83%, the largest increase, while Quant (QNT) fell 7.61%, the steepest decline.

Of the liquidations, $44.4 million came from long positions and $29.7 million from short positions.