Crypto Market Cap Falls 6.37% to $2.74 Trillion as Bitcoin Drops 4.04%

Crypto market capitalization fell 6.37% to $2.74 trillion by 5:05 p.m. ET Oct. 22, while Bitcoin and five other major tokens recorded losses over the 24 hours ending with the snapshot.

Bitcoin (BTC) traded at $81,255, down 4.04%. Total crypto trading volume over the 24-hour period was $80.64 billion. Ether (ETH) fell 4.40% to $2,382, while Solana (SOL) dropped 4.35% to $103.39.

Dogecoin (DOGE) declined 5.37% to $0.0785, and XRP fell 5.99% to $1.30. BNB dropped 2.60% to $730.15, the smallest decrease among the six assets. Bitcoin, Solana and Ether each fell less than Dogecoin and XRP, but more than BNB.

Bitcoin accounted for 59.5% of crypto market capitalization, compared with 10.6% for Ether. Among the top 39 assets, JUST (JST) gained 0.23%, while Pump.fun (PUMP) fell 10.33%, the steepest decline in that group.

Liquidations across Binance, Bybit and OKX totaled $262.9 million over 24 hours. Long liquidations made up $243 million of the total, compared with $19.9 million in short liquidations.