Crypto Market Cap Falls 5.29% to $2.49 Trillion as Liquidations Hit $622.6 Million

Total crypto market capitalization fell 5.29% to $2.49 trillion over 24 hours, while liquidations reached $622.6 million, with long positions accounting for most of the total.

Bitcoin traded at $74,790, down 1.43% over the same 24-hour window ending at 12:01 a.m. ET Nov. 9. Marketwide trading volume reached $55.51 billion during the period. The market capitalization decline was steeper than Bitcoin’s price drop.

Ether (ETH) fell 4.35% to $2,138, and XRP (XRP) dropped 4.79% to $1.11, the largest losses among the named major assets. Solana (SOL) declined 2.05% to $87.34, while Dogecoin (DOGE) lost 2.25% to $0.0696. BNB (BNB) fell 1.16% to $688.04, the smallest loss in that group.

Bitcoin dominance stood at 60.2%, compared with 10.4% for Ether. Those figures show Bitcoin accounted for a larger share of the crypto market’s total value at the time of the snapshot.

Among the top 39 assets, Arbitrum (ARB) rose 3.50%, the strongest performance in the group. Aster (ASTER) fell 5.60%, making it the weakest. Arbitrum’s gain contrasted with declines among the named major tokens, while Aster’s drop exceeded theirs.

Liquidations across Binance, Bybit and OKX totaled $622.6 million over 24 hours through the snapshot. Long liquidations accounted for $566.8 million, compared with $55.8 million in short liquidations.

An earlier market update put total crypto capitalization at $2.62 trillion, down 2.19% over 24 hours, with $258.5 million in liquidations.