Crypto Market Cap Falls 5.66% to $2.75 Trillion as Liquidations Hit $629 Million

Crypto market capitalization fell 5.66% to $2.75 trillion over 24 hours, while Bitcoin (BTC) declined 2.45% to $81,464. The figures were recorded at 1:08 a.m. ET (05:08 UTC) Thursday, Oct. 15, with the broader market losing more ground than Bitcoin.

Ether (ETH) had the steepest decline among the six major assets listed, dropping 5.44% to $2,375. Dogecoin (DOGE) fell 5% to $0.0804, while XRP declined 4.14% to $1.31.

Solana (SOL) slipped 3.28% to $103.31, and BNB (BNB) lost 2.93% to $721.46. All six assets were lower over the 24-hour period. Bitcoin’s decline was 3.21 percentage points smaller than the market’s drop.

Bitcoin represented 59.5% of total crypto market capitalization at the snapshot, while Ether accounted for 10.6%. These figures measure each asset’s share of the market’s total value.

Across the 39 largest assets, TRON (TRX) gained 0.98%, the strongest performance. Pump.fun (PUMP) fell 12.90%, the largest decline.

Liquidations on the trading platforms Binance, Bybit and OKX reached $629.4 million over 24 hours. Long positions accounted for $575.1 million, compared with $54.4 million in short positions.

The market’s latest move differed from Oct. 10, when Bitcoin rose 0.44% to $82,675 even as total crypto market capitalization fell 2.45% to $2.80 trillion in an earlier market update.