Crypto Market Cap Falls 3.75% to $2.73 Trillion as Liquidations Reach $278.1 Million

Total crypto market capitalization fell 3.75% to $2.73 trillion by 1:06 a.m. ET Oct. 24 (05:06 UTC), outpacing Bitcoin’s 1.01% decline as all six major coins in the snapshot fell. Trading volume over the same 24-hour period was $64.94 billion.

At 1:06 a.m. ET Oct. 24 (05:06 UTC), Bitcoin (BTC) traded at $80,854. Its decline was 2.74 percentage points narrower than the market’s loss. BTC represented 59.4% of the market, while Ether (ETH), down 0.68% at $2,381, accounted for 10.6%.

XRP had the largest decline among the six major coins, falling 2.18% to $1.29. Solana (SOL) dropped 1.48% to $102.52, and Dogecoin (DOGE) fell 1.04% to $0.0787. BNB slipped 0.04% to $739.52, the smallest loss in the group. Bitcoin, Ether, XRP, Solana, Dogecoin and BNB were all lower over the 24 hours.

Among the top 39 cryptocurrencies, JUST (JST) rose 0.64%, the strongest performance in the group. Worldcoin (WLD) fell 12.56%, the steepest drop. The readings put JUST and WLD at opposite ends of the performance range, with JUST posting a modest gain as WLD recorded a double-digit loss.

Liquidations on Binance, Bybit and OKX totaled $278.1 million over 24 hours. Long positions made up $200.6 million, compared with $77.4 million in short positions. The long liquidation figure was $123.2 million higher than the short figure.

An Oct. 22 market-cap decline put total capitalization at $2.74 trillion after a 6.37% 24-hour drop. The latest snapshot showed a 3.75% decline to $2.73 trillion.