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Morning Brief

Crypto Market Cap Drops 3.49% to $2.75 Trillion

The cryptocurrency market cap fell by 3.49% to $2.75 trillion, with Bitcoin and Ethereum also experiencing slight declines.

Key takeaways
  • The total crypto market is worth $2.75T, down 3.49% in 24 hours.
  • Bitcoin is down 0.40%, holding 59.3% of the market.
  • Top gainer: Quack AI (Q) +30.0%.
  • Biggest drop: LayerZero (ZRO) -11.9%.
  • Sentiment: Fear & Greed at 55 (Greed).

The total cryptocurrency market cap decreased by 3.49% over the past 24 hours, settling at $2.75 trillion. This downturn reflects a broader market trend of slight declines across major cryptocurrencies.

Bitcoin's price dipped by 0.40% to $81,480, while Ethereum saw a similar decline of 0.50%, settling at $2,432.13. Bitcoin's dominance in the market remained strong at approximately 59.3%, indicating its continued influence on overall market movements.

Quack AI (Q) emerged as the biggest gainer, rising by 29.98%. This surge follows a significant price increase in the past week, although no specific catalyst has been identified. Lighter (LIT) also saw gains of 6.58%, likely due to its recent technical developments.

LayerZero (ZRO) led the list of biggest losers, declining by 11.88%. This drop is attributed to prevailing market conditions rather than any particular news event. Pearl (PRL) and Pyth Network (PYTH) also fell by 9.19% and 9.13%, respectively, moving in tandem with the broader market sentiment.

The market sentiment, as measured by the Fear & Greed Index, stands at 55, indicating a state of 'Greed'. Despite the overall market cap decline, this sentiment suggests a cautious optimism among investors. Bitcoin's dominance at 59.3% underscores its role as a key driver of market trends.

In other news, Circle's CEO has announced plans to expand into 40 developing markets with its stablecoin. Meanwhile, Pendle has highlighted the potential for a $3 trillion tokenized real-world asset market by 2030. These developments indicate ongoing innovation and growth potential in the crypto space.

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Frequently asked

What is the total crypto market cap today?

As of October 17, 2026, the total cryptocurrency market capitalisation is $2.75T, down 3.49% over the last 24 hours.

Which cryptocurrency gained the most in this report?

Quack AI (Q) was among the biggest gainers, up 29.98% in 24 hours.

Which cryptocurrency fell the most in this report?

LayerZero (ZRO) was among the biggest decliners, down 11.88% in 24 hours.

What is the crypto Fear and Greed Index right now?

The Fear & Greed Index reads 55, 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 3.60% to $2.76 TrillionLater report →Crypto Market Cap Drops 3% to $2.75 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.