Bitcoin Gains 1.87% as Crypto Market Capitalization Falls 0.89%

Bitcoin (BTC) rose 1.87% to $82,071 by 9 a.m. ET (13:00 UTC) Friday, Oct. 16, while crypto market capitalization fell 0.89% to $2.78 trillion in a mixed market snapshot.

The reading followed Thursday’s sharper market decline, when capitalization was down 6.31% to $2.71 trillion. At the latest reading, Bitcoin represented 59.2% of total crypto market value and Ether accounted for 10.8%.

All six major assets gained over the 24 hours through 9 a.m. ET. Ether (ETH) led, rising 4.80% to $2,463. Solana (SOL) gained 3.85% to $105.64, XRP (XRP) rose 2.85% to $1.34, Dogecoin (DOGE) advanced 2.68% to $0.0817, and BNB (BNB) added 1.46% to $728.36.

Among the top 39 assets, Arbitrum (ARB) was the top performer, up 15.80%. Monero (XMR) was unchanged, with a 0.00% change.

Liquidations across Binance, Bybit and OKX reached $228.7 million over 24 hours. Long positions accounted for $93.2 million and short positions for $135.4 million.