Crypto Market Cap Falls 4.59% to $2.75 Trillion as Bitcoin Drops

The crypto market fell broadly Thursday morning, with total market capitalization down 4.59% to $2.75 trillion. Bitcoin (BTC) traded at $81,712 at 9:05 a.m. ET (13:05 UTC) Thursday, Oct. 22, down 2.49% over 24 hours. Marketwide trading volume for the period was $90.01 billion.

Ether (ETH) fell 3.41% to $2,400, while XRP lost 2.92% to $1.32. Solana (SOL) declined 2.87% to $104.40, Dogecoin (DOGE) dropped 3.67% to $0.0794, and BNB slipped 2.06% to $732.55. All six major assets in the snapshot were lower. Dogecoin had the largest decline among them, and BNB the smallest.

Bitcoin represented 59.4% of total crypto market value, while Ether accounted for 10.6%. Among the top 39 assets, Monero (XMR) was unchanged at +0.00%, and Worldcoin (WLD) had the steepest loss, down 8.48%.

Liquidations on Binance, Bybit and OKX totaled $263.2 million over 24 hours. Long positions accounted for $161.3 million, compared with $101.9 million in short liquidations.

The latest reading extends earlier coverage of the crypto selloff.