Crypto Market Cap Drops 6% to $2.74 Trillion
The cryptocurrency market experiences a broad downturn amidst a climate of investor caution.
- The total crypto market is worth $2.74T, down 6.03% in 24 hours.
- Bitcoin is down 3.71%, holding 59.5% of the market.
- Top gainer: Akedo (AKE) +28.7%.
- Biggest drop: Stacks (STX) -12.5%.
- Sentiment: Fear & Greed at 68 (Greed).
TLT Market Desk — The total cryptocurrency market capitalization fell by 6.03% over the past 24 hours, dropping to $2.74 trillion as of the latest data. This decline reflects a broader market correction affecting most major assets.
Bitcoin, the largest cryptocurrency by market cap, decreased by 3.71% to $81,253, while 
Ethereum saw a 4.01% decline to $2,381.51. Bitcoin's dominance remained strong at approximately 59.5%, indicating its continued influence on market trends.
The biggest gainer was 
Akedo (AKE), which rose by 28.70%. This move appears to be independent of the broader market conditions, though no specific catalyst has been identified for the surge. 
MemeCore (M) also gained 15.28%, seemingly defying the overall downward trend.
Stacks (STX) led the losers with a 12.53% decline, closely followed by 
Lighter (LIT) at -12.15%, and 
Pump.fun (PUMP) at -11.54%. These declines are largely attributed to the prevailing negative market sentiment and broader economic factors rather than project-specific news.
Investor sentiment, as measured by the Fear & Greed Index, remains in 'Greed' territory at 68, suggesting a cautious but not yet panicked market environment. Despite the downturn, this level indicates some resilience compared to more extreme fear periods.
In other news, Bitcoin whales have reportedly accumulated $93 million in BTC, potentially eyeing a rally towards $90,000. Additionally, the US has imposed a new ban on DeepSeek, while Asian crypto ties with Switzerland continue to strengthen. These headlines suggest ongoing regulatory and geopolitical shifts in the crypto landscape.
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 $2.74T, down 6.03% over the last 24 hours.
Which cryptocurrency gained the most in this report?
Akedo (AKE) was among the biggest gainers, up 28.70% in 24 hours.
Which cryptocurrency fell the most in this report?
Stacks (STX) was among the biggest decliners, down 12.53% 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.