Crypto Market Capitalization Falls 6.31% to $2.71 Trillion

Crypto assets fell across major benchmarks Thursday morning, with total market capitalization down 6.31% to $2.71 trillion as Bitcoin and five other large tokens declined.

Bitcoin (BTC) traded at $80,564 at 9 a.m. ET (13:00 UTC) Thursday, Oct. 15, down 2.66% over 24 hours. Ether (ETH) fell more sharply, while Bitcoin accounted for 59.5% of total crypto market capitalization, compared with Ether’s 10.5% share. The move extends an earlier crypto market decline, when capitalization fell about $92 billion to $2.82 trillion.

Ether traded at $2,351, down 5.12%. XRP (XRP) fell 4.41% to $1.30, BNB (BNB) declined 2.64% to $717.91, Solana (SOL) dropped 3.61% to $101.72, and Dogecoin (DOGE) slipped 4.47% to $0.0796. The market’s 6.31% decline exceeded the drop in each of these six assets. From steepest to smallest loss, they ranked Ether, Dogecoin, XRP, Solana, Bitcoin and BNB. All six were lower over the 24-hour period.

Among the top 39 assets, Monero (XMR) was unchanged at +0.00%, the strongest result in the group. Pump.fun (PUMP) was the weakest, down 12.13%.

Liquidations across Binance, Bybit and OKX totaled $615.2 million over 24 hours. Long liquidations reached $564.3 million, while short liquidations totaled $50.9 million. Together, the two categories accounted for the reported total, with long liquidations making up most of it.