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Midday Update

Crypto Market Cap Drops 3% to $2.75 Trillion

The cryptocurrency market experiences a slight downturn amid mixed performance from major assets and sector-specific developments.

Key takeaways
  • The total crypto market is worth $2.75T, down 3.02% in 24 hours.
  • Bitcoin is up 0.09%, holding 59.4% of the market.
  • Top gainer: Quack AI (Q) +97.8%.
  • Biggest drop: Starknet (STRK) -10.2%.
  • Sentiment: Fear & Greed at 55 (Greed).

The total cryptocurrency market cap decreased by 3.02% over the past 24 hours, falling to $2.75 trillion as of the latest data snapshot.

Bitcoin's price remained relatively stable, posting a modest gain of 0.09% to reach $81,330, while Ethereum saw a slight decline of 0.68% to trade at $2,410.45.

Quack AI (Q) emerged as the top gainer with a 97.75% increase, though no specific catalyst was identified for this dramatic surge. Bitway (BTW) also saw significant gains of 17.09%, attributed to high trading volume but without a clear underlying reason.

Starknet (STRK) led the losers with a 10.24% drop, likely due to recent liquidations and uncertainty about its future direction. LayerZero (ZRO) and Provenance Blockchain (HASH) also declined by 9.90% and 8.04% respectively, with both movements appearing to be driven by broader market sentiment rather than specific news.

The market sentiment as measured by the Fear & Greed Index remained in 'Greed' territory at 55, indicating a relatively positive but cautious investor outlook. Bitcoin's dominance stood at 59.4%, reflecting its continued influence over the market.

Recent headlines highlight increased institutional interest in Chainlink, the formation of a Quantum Alliance amid concerns over 6 million exposed bitcoins, and Circle's expansion of USDC into emerging markets. Additionally, the Bitwise XRP ETF reached $561 million, while Wall Street firms pushed back against crypto tokenization plans.

Movers in this report

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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 3.02% over the last 24 hours.

Which cryptocurrency gained the most in this report?

Quack AI (Q) was among the biggest gainers, up 97.75% in 24 hours.

Which cryptocurrency fell the most in this report?

Starknet (STRK) was among the biggest decliners, down 10.24% 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 3.49% to $2.75 TrillionLater report →Crypto Market Cap Drops 3.18% to $2.74 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.