Crypto Market Cap Falls 3.75% as Bitcoin Declines 0.47%

Bitcoin fell less than the broader crypto market over the 24 hours through 5 p.m. ET (21:00 UTC) Oct. 16, as total market capitalization dropped 3.75% to $2.76 trillion.

Bitcoin (BTC) traded at $81,722, down 0.47%. Ether (ETH) declined 1.55% to $2,415. XRP fell 2.55% to $1.31, the largest drop among the six major coins listed.

BNB lost 1.27% to $721.31, Solana (SOL) fell 1.49% to $104.05, and Dogecoin (DOGE) declined 1.35% to $0.0803. All six were lower over the period, with Bitcoin posting the smallest loss. The market-cap decline was larger than the drop in any of those six assets.

Among the top 39 cryptocurrencies, Polkadot (DOT) gained 2.13%, making it the strongest performer in that group. Zcash (ZEC) fell 7.77%, the steepest decline.

Liquidations totaled $206.7 million across Binance, Bybit and OKX. Long positions accounted for $133.9 million, while short positions accounted for $72.8 million.