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Midday Update

Crypto Market Cap Drops 2.38% to $2.83 Trillion

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

Key takeaways
  • The total crypto market is worth $2.83T, down 2.38% in 24 hours.
  • Bitcoin is up 0.21%, holding 59.1% of the market.
  • Top gainer: Pyth Network (PYTH) +17.1%.
  • Sentiment: Fear & Greed at 69 (Greed).

The total cryptocurrency market cap decreased by 2.38% over the past 24 hours, settling at $2.83 trillion. This decline marks a minor correction after recent periods of relative stability.

Bitcoin's price rose by 0.21% to $83,290, maintaining its dominance at approximately 59.1% of the total market cap. Ethereum outperformed Bitcoin, gaining 1.46% to reach $2,542.4.

Pyth Network (PYTH) emerged as the top gainer with a 17.06% increase, likely driven by its invitation to the World Financial Innovation Congress (WFIC). Provenance Blockchain (HASH) and LayerZero (ZRO) also saw significant gains of 16.72% and 13.45%, respectively, attributed to broader market sentiment and positive developments.

Kaia (KAIA) led the losers with a 10.34% drop after a strong week-long rally. Derive (DRV) and Starknet (STRK) also experienced notable declines of 9.67% and 9.34%, respectively, with Starknet's potential Layer 1 migration cited as a contributing factor.

Market sentiment remains in 'Greed' territory with a Fear & Greed index of 69, indicating a relatively positive outlook despite the overall market cap decline. Bitcoin's dominance continues to hold steady above 59%.

Recent headlines include Coinbase's $21 million weekend trading in tokenized stocks, Bybit's launch of a new stocks trading service with a $150,000 USDC prize pool, and Ledger's claims that CryptoBilis cases are limited after tracing up to $93 million and freezing $10 million. Thailand is also expressing interest in entering the $120 billion Bitcoin and Ethereum ETF market.

Movers in this report

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Frequently asked

What is the total crypto market cap today?

As of October 12, 2026, the total cryptocurrency market capitalisation is $2.83T, down 2.38% over the last 24 hours.

Which cryptocurrency gained the most in this report?

Pyth Network (PYTH) was among the biggest gainers, up 17.06% in 24 hours.

What is the crypto Fear and Greed Index right now?

The Fear & Greed Index reads 69, 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 1.88% to $2.82 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.