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Morning Brief

Crypto Market Cap Falls 2.49% to $2.93 Trillion

The cryptocurrency market experiences a slight downturn amid mixed performance from major assets.

Key takeaways
  • The total crypto market is worth $2.93T, down 2.49% in 24 hours.
  • Bitcoin is down 0.67%, holding 58.7% of the market.
  • Top gainer: Midnight (NIGHT) +16.2%.
  • Biggest drop: Sky (SKY) -10.1%.
  • Sentiment: Fear & Greed at 73 (Greed).

The total cryptocurrency market cap decreased by 2.49% over the past 24 hours, dropping to $2.93 trillion from its previous level.

Bitcoin's price fell by 0.67% to $85,803, while Ethereum saw a more modest decline of 0.39%, settling at $2,711.55. Bitcoin's dominance remained strong at approximately 58.7%.

Midnight (NIGHT) emerged as the top gainer with a 16.20% increase, driven by high trading volume, although no specific catalyst was identified. Pearl (PRL) and Filecoin (FIL) also posted gains of 12.47% and 12.10%, respectively, seemingly influenced by broader market sentiment.

Sky (SKY) led the losers with a 10.05% decline, likely due to the broader market trend. Starknet (STRK) and Akedo (AKE) followed with decreases of 9.22% and 7.73%, respectively, without clear catalysts for their movements.

The overall market sentiment remained in 'Greed' territory with a Fear & Greed index of 73, indicating a cautious optimism among investors despite the market cap decline.

In other news, Strive made its largest Bitcoin purchase in four months, adding $169 million worth of the cryptocurrency. The CFTC took significant steps to regulate offshore crypto trading, aiming to bring it under US oversight.

Movers in this report

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Frequently asked

What is the total crypto market cap today?

As of October 6, 2026, the total cryptocurrency market capitalisation is $2.93T, down 2.49% over the last 24 hours.

Which cryptocurrency gained the most in this report?

Midnight (NIGHT) was among the biggest gainers, up 16.20% in 24 hours.

Which cryptocurrency fell the most in this report?

Sky (SKY) was among the biggest decliners, down 10.05% in 24 hours.

What is the crypto Fear and Greed Index right now?

The Fear & Greed Index reads 73, indicating "Greed" — a gauge of overall market sentiment from 0 (extreme fear) to 100 (extreme greed).

In the headlines

TLT Market Desk Verified data

TLT's market desk compiles every report from live data — CoinGecko, Binance and DefiLlama — and the day's headlines, checked against our data-integrity standards. We never fabricate a figure and never predict prices.

← Earlier reportCrypto Market Cap Drops 2.28% to $2.94 Trillion

Not financial advice. This report is for information and education only. Market data is sourced from public APIs (CoinGecko, Binance, DefiLlama) and shown with its capture time; cryptocurrency is volatile and high-risk — always do your own research. Read our methodology.