Crypto Market Cap Drops 5.8% to $2.75 Trillion
The cryptocurrency market experiences a broad downturn amid a 5.8% decline in total market capitalization over the past 24 hours.
- The total crypto market is worth $2.75T, down 5.80% in 24 hours.
- Bitcoin is down 3.38%, holding 59.5% of the market.
- Top gainer: Bitway (BTW) +26.5%.
- Biggest drop: LayerZero (ZRO) -14.3%.
- Sentiment: Fear & Greed at 68 (Greed).
TLT Market Desk — The total cryptocurrency market cap decreased by 5.80% over the past day, falling from an unspecified previous figure to $2.75 trillion. This downturn reflects a challenging period for the broader market.
Bitcoin, the largest cryptocurrency by market cap, saw a 3.38% decline, dropping to $81613. 
Ethereum also faced a downturn, falling 4.44% to $2396.58. Both assets mirrored the overall market sentiment with their respective losses.
Several cryptocurrencies managed to post gains despite the market downturn. 
Bitway (BTW) led with a 26.51% increase, followed by 
MemeCore (M) at 15.77%, 
Akedo (AKE) at 14.82%, and Quack AI (Q) at 10.89%. These gains were noted as moving against the broader market trend.
In contrast, 
LayerZero (ZRO) was the biggest loser, declining by 14.29%. 
Starknet (STRK) followed with a 13.41% drop amid uncertainty about its transition to an independent Layer 1. 
Provenance Blockchain (HASH) and Celestia (TIA) also saw significant declines of 12.65% and 10.30%, respectively, as they moved in line with the broader market downturn.
The overall market sentiment, as measured by the Fear & Greed Index, remained in 'Greed' territory at 68, indicating a cautious but not overwhelmingly negative investor outlook. Bitcoin's dominance stood at approximately 59.5%, underscoring its continued influence on the market.
In other news, Coinbase Ireland faced a €3.25 million fine over customer fund safeguards, according to reports from Crypto.news and Blockonomi. Additionally, Ethereum researchers proposed reducing transaction finality time to four minutes, highlighting ongoing efforts to improve the network's efficiency.
Movers in this report
Frequently asked
What is the total crypto market cap today?
As of October 22, 2026, the total cryptocurrency market capitalisation is $2.75T, down 5.80% over the last 24 hours.
Which cryptocurrency gained the most in this report?
Bitway (BTW) was among the biggest gainers, up 26.51% in 24 hours.
Which cryptocurrency fell the most in this report?
LayerZero (ZRO) was among the biggest decliners, down 14.29% in 24 hours.
What is the crypto Fear and Greed Index right now?
The Fear & Greed Index reads 68, 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.