Markets › Analysis › Midday Update
Midday Update

Crypto Market Cap Drops 2.38% to $2.83 Trillion

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

Key takeaways
  • The total crypto market is worth $2.83T, down 2.38% in 24 hours.
  • Bitcoin is up 0.23%, holding 59.1% of the market.
  • Top gainer: Provenance Blockchain (HASH) +17.6%.
  • Sentiment: Fear & Greed at 69 (Greed).

The total cryptocurrency market capitalization decreased by 2.38% over the past 24 hours, settling at $2.83 trillion. This downturn follows a period of relative stability in the broader market.

Bitcoin's price rose by 0.23% to $83,311, while Ethereum saw a more substantial increase of 1.49%, reaching $2,542.77. Bitcoin's dominance in the market remained strong at approximately 59.1%.

Provenance Blockchain (HASH) emerged as the top gainer with a 17.63% increase, driven by broader market sentiment. Pyth Network (PYTH) rose by 16.41% following its invitation to the World Financial Innovation Conference, and LayerZero (ZRO) gained 13.64% after its token merge with Stargate Finance.

Kaia (KAIA) led the losers with a 10.26% decline, despite a strong weekly performance and no clear catalyst. Derive (DRV) and Starknet (STRK) also experienced significant drops of 9.62% and 9.26%, respectively, with the latter's decline following a major rally in the previous week.

Market sentiment, as measured by the Fear & Greed Index, remains in 'Greed' territory at 69, indicating a relatively positive investor outlook despite the market cap dip. Bitcoin's dominance underscores its influence on the overall market direction.

Recent headlines include Coinbase's $21 million weekend trading in tokenized stocks, Bybit's launch of a new stocks trading service with a 150,000 USDC prize pool, and Evernorth's appointment of a former Coinbase executive to manage its 473 million XRP treasury. These developments highlight ongoing diversification and innovation within the crypto sector.

Movers in this report

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

Frequently asked

What is the total crypto market cap today?

As of October 12, 2026, the total cryptocurrency market capitalisation is $2.83T, down 2.38% over the last 24 hours.

Which cryptocurrency gained the most in this report?

Provenance Blockchain (HASH) was among the biggest gainers, up 17.63% in 24 hours.

What is the crypto Fear and Greed Index right now?

The Fear & Greed Index reads 69, indicating "Greed" — a gauge of overall market sentiment from 0 (extreme fear) to 100 (extreme greed).

In the headlines

Token Times Market Desk Verified data

Token Times'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 1.88% to $2.82 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.