Crypto Market Capitalization Falls 4.28% to $2.75 Trillion

Crypto market capitalization dropped 4.28% to $2.75 trillion by 9 a.m. ET (13:00 UTC) Oct. 17, while Bitcoin and five other major assets fell over the preceding 24 hours.

Bitcoin (BTC) traded at $81,520, down 0.67%. Ether (ETH) was at $2,427, a 1.48% decline. XRP fell 3% to $1.30, BNB lost 1.21% to $719.54, Solana (SOL) dropped 1.59% to $103.96, and Dogecoin (DOGE) declined 2.52% to $0.0797.

XRP had the largest loss among the six assets, while Bitcoin’s decline was the smallest. Ether and BNB fell less than Solana. Bitcoin represented 59.4% of total crypto market capitalization, compared with 10.7% for Ether.

The $2.75 trillion reading follows a $2.71 trillion market-cap snapshot on Oct. 15 in an earlier market update.

Among the top 38 cryptocurrencies, Pump.fun (PUMP) rose 1.57%, the strongest performance in the group. Arbitrum (ARB) fell 7.07%, the steepest decline. The six large assets listed above all ended the same 24-hour period lower.

Liquidations totaled $166.2 million on Binance, Bybit and OKX over 24 hours. Long positions accounted for $120.6 million, while short positions accounted for $45.6 million.