Crypto Market Cap Drops 5.35% to $2.84 Trillion
The cryptocurrency market experiences a broad downturn amid a period of market uncertainty.
- The total crypto market is worth $2.84T, down 5.35% in 24 hours.
- Bitcoin is down 2.63%, holding 58.7% of the market.
- Top gainer: Pearl (PRL) +25.7%.
- Biggest drop: Sky (SKY) -10.5%.
- Sentiment: Fear & Greed at 64 (Greed).
TLT Market Desk — The total cryptocurrency market capitalization decreased by 5.35% over the past 24 hours, falling to $2.84 trillion as of the latest data. This downturn reflects a broader market trend affecting most major cryptocurrencies.
Bitcoin, the largest cryptocurrency by market cap, saw a 2.63% decline, dropping to $83,260. 
Ethereum, the second-largest cryptocurrency, fell by 4.59% to $2,572.52. Bitcoin's dominance remained strong at approximately 58.7% of the total market cap.
Pearl (PRL) emerged as the biggest gainer, rising by 25.71%, though no specific catalyst for this move was identified. 
Raydium (RAY) also performed well, gaining 13% in the past week, suggesting some resilience despite the market downturn.
Sky (SKY) led the list of biggest losers, declining by 10.51% in line with the broader market trend. 
Filecoin (FIL) and 
Midnight (NIGHT) also experienced significant drops of 8.78% and 8.36%, respectively, likely due to the prevailing market conditions.
The overall market sentiment, as measured by the Fear & Greed Index, stands at 64, indicating a state of 'Greed'. This suggests that while the market is down, investor sentiment remains relatively positive compared to previous periods of downturn.
Recent headlines include HP Inc. launching new AI PCs with NVIDIA, which boosted HPQ stock, and the US government transferring $470 million in seized crypto to Coinbase wallets, raising questions about potential Bitcoin sales. Additionally, Metaplanet’s significant Bitcoin trading activity and Solana’s network growth are notable developments.
Movers in this report
Frequently asked
What is the total crypto market cap today?
As of October 8, 2026, the total cryptocurrency market capitalisation is $2.84T, down 5.35% over the last 24 hours.
Which cryptocurrency gained the most in this report?
Pearl (PRL) was among the biggest gainers, up 25.71% in 24 hours.
Which cryptocurrency fell the most in this report?
Sky (SKY) was among the biggest decliners, down 10.51% in 24 hours.
What is the crypto Fear and Greed Index right now?
The Fear & Greed Index reads 64, indicating "Greed" — a gauge of overall market sentiment from 0 (extreme fear) to 100 (extreme greed).
In the headlines
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.