Markets › Analysis › Midday Update
Midday Update

Crypto Market Cap Drops 2.61% to $2.75 Trillion

The cryptocurrency market experiences a slight downturn with Bitcoin and Ethereum showing mixed performance.

Key takeaways
  • The total crypto market is worth $2.75T, down 2.61% in 24 hours.
  • Bitcoin is down 0.03%, holding 59.4% of the market.
  • Top gainer: Akedo (AKE) +18.9%.
  • Biggest drop: Lighter (LIT) -8.2%.
  • Sentiment: Fear & Greed at 50 (Neutral).

The total cryptocurrency market capitalization decreased by 2.61% over the past 24 hours, settling at $2.75 trillion. This downturn reflects a broader market trend of consolidation following recent fluctuations.

Bitcoin's price remained relatively stable, moving down by just 0.03% to $81,534, while its dominance in the market stood at approximately 59.4%. Ethereum, on the other hand, saw a modest gain of 0.29%, reaching $2,402.51.

The biggest gainer was Akedo (AKE), which surged by 18.93% due to a significant token unlock event. Collector Crypt (CARDS) also performed well, rising 13.85% independently of the flat broader market. Pepe (PEPE) and Bonk (BONK) followed with gains of 9.59% and 8.81%, respectively, with PEPE's rise attributed to increased trading activity and social media attention.

Lighter (LIT) was the biggest loser, dropping 8.18% despite recent whale purchases. Quack AI (Q) and Aerodrome Finance (AERO) also saw declines of 7.76% and 6.73%, respectively, likely influenced by broader market sentiment. Stacks (STX) fell by 5.49%, moving in line with the overall market trend.

Investor sentiment remained neutral, with the Fear & Greed Index at 50. This indicates a balanced market environment, neither overly optimistic nor pessimistic. Bitcoin's dominance at 59.4% underscores its continued influence on the broader crypto market.

In recent news, China announced plans to complete its national blockchain network by 2030, highlighting the country's ongoing commitment to blockchain technology. Additionally, Cardano initiated the Dijkstra Testnet phase in preparation for its Protocol Version 12 upgrade, and TRON's upgrade v4.8.2.4 aimed to secure its $30 trillion stablecoin network.

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 23, 2026, the total cryptocurrency market capitalisation is $2.75T, down 2.61% over the last 24 hours.

Which cryptocurrency gained the most in this report?

Akedo (AKE) was among the biggest gainers, up 18.93% in 24 hours.

Which cryptocurrency fell the most in this report?

Lighter (LIT) was among the biggest decliners, down 8.18% in 24 hours.

What is the crypto Fear and Greed Index right now?

The Fear & Greed Index reads 50, indicating "Neutral" — 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% to $2.72 TrillionLater report →Crypto Market Cap Drops 3.60% to $2.71 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.