Markets › Analysis › Midday Update
Midday Update

Crypto Market Cap Drops 3.62% to $2.76 Trillion

The cryptocurrency market experiences a slight downturn amid mixed performance from major assets and a Fear & Greed index of 55.

Key takeaways
  • The total crypto market is worth $2.76T, down 3.62% in 24 hours.
  • Bitcoin is down 0.73%, holding 59.3% of the market.
  • Top gainer: Quack AI (Q) +33.2%.
  • Biggest drop: LayerZero (ZRO) -11.5%.
  • Sentiment: Fear & Greed at 55 (Greed).

The total cryptocurrency market capitalization decreased by 3.62% over the past 24 hours, bringing it to $2.76 trillion as of the latest data snapshot.

Bitcoin's price fell by 0.73% to $81,585, while Ethereum declined by 1.03% to $2,438.04, with Bitcoin's dominance remaining strong at approximately 59.3%.

Quack AI (Q) emerged as the top gainer with a 33.23% increase, though no specific catalyst was identified; Bitway (BTW) rose 11.73% independently of the broader market, and Lighter (LIT) gained 6.18% on the back of recent technical developments.

LayerZero (ZRO) led the losers with an 11.52% decline, attributed to technical factors; Pearl (PRL) dropped 8.49%, likely influenced by broader market sentiment, while Stacks (STX) and Pyth Network (PYTH) fell 7.83% and 7.67% respectively, moving in line with market conditions.

The Fear & Greed index currently stands at 55, indicating a sentiment of 'Greed' despite the overall market downturn.

Recent headlines include OKX CEO Star Xu's reflections on Bitcoin's resilience, Deutsche Bank and Charles Schwab's continued investment in crypto, and Arthur Hayes' critique of AI companies in favor of Bitcoin. Additionally, discussions around Strive's Bitcoin income offer and the awakening of blockchain rails in Wall Street provide context to the current market landscape.

Movers in this report

Never miss a market briefGet a push the moment the next TLT report drops — free.

Frequently asked

What is the total crypto market cap today?

As of October 17, 2026, the total cryptocurrency market capitalisation is $2.76T, down 3.62% over the last 24 hours.

Which cryptocurrency gained the most in this report?

Quack AI (Q) was among the biggest gainers, up 33.23% in 24 hours.

Which cryptocurrency fell the most in this report?

LayerZero (ZRO) was among the biggest decliners, down 11.52% 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 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.